Novak & Powell Financial Services Inc. Grows Stake in iShares S&P Mid-Cap 400 Value ETF $IJJ

Novak & Powell Financial Services Inc. raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 131.3% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,429 shares of the company’s stock after purchasing an additional 7,624 shares during the period. iShares S&P Mid-Cap 400 Value ETF accounts for approximately 0.9% of Novak & Powell Financial Services Inc.’s investment portfolio, making the stock its 24th biggest holding. Novak & Powell Financial Services Inc.’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $1,742,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Balance Wealth LLC acquired a new position in iShares S&P Mid-Cap 400 Value ETF during the 3rd quarter valued at about $32,584,000. World Investment Advisors grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 4,526.6% during the third quarter. World Investment Advisors now owns 215,044 shares of the company’s stock worth $27,896,000 after acquiring an additional 210,396 shares during the last quarter. Laurel Wealth Advisors LLC grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 12,258.0% during the second quarter. Laurel Wealth Advisors LLC now owns 179,686 shares of the company’s stock worth $22,206,000 after acquiring an additional 178,232 shares during the last quarter. Vestmark Advisory Solutions Inc. acquired a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the third quarter valued at about $17,072,000. Finally, UBS Group AG raised its position in shares of iShares S&P Mid-Cap 400 Value ETF by 5.4% in the 3rd quarter. UBS Group AG now owns 2,154,324 shares of the company’s stock valued at $279,459,000 after purchasing an additional 110,590 shares during the last quarter. Hedge funds and other institutional investors own 66.95% of the company’s stock.

iShares S&P Mid-Cap 400 Value ETF Trading Up 0.5%

NYSEARCA:IJJ opened at $131.43 on Tuesday. iShares S&P Mid-Cap 400 Value ETF has a twelve month low of $102.24 and a twelve month high of $144.76. The company has a market cap of $7.94 billion, a PE ratio of 16.13 and a beta of 1.05. The company’s 50 day moving average is $138.56 and its two-hundred day moving average is $133.26.

iShares S&P Mid-Cap 400 Value ETF Profile

iShares S&P Mid-Cap 400 Value ETF, formerly iShares S&P MidCap 400 Value Index Fund (the Fund), is an exchange traded fund. The Fund seeks investment results that correspond generally to the price and yield performance of the S&P MidCap 400 Value Index (the Index). The Value Index measures the performance of the mid-capitalization value sector of the United States equity market and consists of those stocks in the S&P MidCap 400 Index exhibiting the strongest value characteristics. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.