iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sets New 1-Year High – Time to Buy?

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) reached a new 52-week high during trading on Tuesday . The stock traded as high as $149.87 and last traded at $149.62, with a volume of 99141 shares changing hands. The stock had previously closed at $148.53.

iShares S&P Mid-Cap 400 Value ETF Trading Up 0.7%

The firm’s 50-day moving average price is $144.93 and its 200 day moving average price is $140.36. The company has a market capitalization of $8.93 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in IJJ. Northwestern Mutual Wealth Management Co. raised its position in iShares S&P Mid-Cap 400 Value ETF by 498.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock valued at $494,119,000 after purchasing an additional 3,127,303 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 1.3% in the 1st quarter. Bank of America Corp DE now owns 2,402,568 shares of the company’s stock valued at $318,340,000 after purchasing an additional 29,909 shares in the last quarter. UBS Group AG increased its stake 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. PNC Financial Services Group Inc. increased its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 0.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,350,338 shares of the company’s stock valued at $178,920,000 after purchasing an additional 9,695 shares during the last quarter. Finally, D.A. Davidson & CO. raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 3.6% during the 1st quarter. D.A. Davidson & CO. now owns 1,091,192 shares of the company’s stock worth $144,583,000 after buying an additional 38,084 shares in the last quarter. 66.95% of the stock is owned by institutional investors.

About iShares S&P Mid-Cap 400 Value ETF

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.