iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 52-Week High – Time to Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) hit a new 52-week high during trading on Wednesday . The company traded as high as $148.15 and last traded at $147.90, with a volume of 68255 shares trading hands. The stock had previously closed at $147.73.

iShares S&P Mid-Cap 400 Value ETF Stock Performance

The company has a market cap of $8.65 billion, a P/E ratio of 16.13 and a beta of 0.96. The firm has a 50 day moving average price of $142.81 and a two-hundred day moving average price of $138.73.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Value ETF

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IJJ. Evoke Wealth LLC raised its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.2% in the 4th quarter. Evoke Wealth LLC now owns 6,091 shares of the company’s stock valued at $802,000 after acquiring an additional 73 shares during the period. Fiduciary Alliance LLC grew its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.5% during the 1st quarter. Fiduciary Alliance LLC now owns 4,842 shares of the company’s stock worth $670,000 after acquiring an additional 73 shares in the last quarter. Allegheny Financial Group increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 0.4% in the fourth quarter. Allegheny Financial Group now owns 19,160 shares of the company’s stock valued at $2,521,000 after buying an additional 75 shares during the last quarter. Assetmark Inc. raised its position in shares of iShares S&P Mid-Cap 400 Value ETF by 6.9% during the 4th quarter. Assetmark Inc. now owns 1,184 shares of the company’s stock worth $156,000 after acquiring an additional 76 shares in the last quarter. Finally, Robertson Stephens Wealth Management LLC lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 1.4% during the 4th quarter. Robertson Stephens Wealth Management LLC now owns 5,564 shares of the company’s stock worth $732,000 after buying an additional 79 shares during the last quarter. Institutional investors own 66.95% of the company’s stock.

iShares S&P Mid-Cap 400 Value ETF Company 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.