Niles Investment Management LLC Makes New Investment in iShares S&P Mid-Cap 400 Value ETF $IJJ

Niles Investment Management LLC acquired a new position in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 4,999 shares of the company’s stock, valued at approximately $658,000. iShares S&P Mid-Cap 400 Value ETF accounts for 0.5% of Niles Investment Management LLC’s holdings, making the stock its 18th largest holding.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 498.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock worth $494,119,000 after buying an additional 3,127,303 shares during the period. Bank of America Corp DE lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 0.8% in the second quarter. Bank of America Corp DE now owns 2,392,099 shares of the company’s stock worth $295,616,000 after buying an additional 19,672 shares during the period. UBS Group AG lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 5.4% in the third quarter. UBS Group AG now owns 2,154,324 shares of the company’s stock worth $279,459,000 after buying an additional 110,590 shares during the period. PNC Financial Services Group Inc. lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,340,643 shares of the company’s stock worth $176,415,000 after buying an additional 22,215 shares during the period. Finally, D.A. Davidson & CO. lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 4.4% in the fourth quarter. D.A. Davidson & CO. now owns 1,053,108 shares of the company’s stock worth $138,579,000 after buying an additional 44,836 shares during the period. 66.95% of the stock is currently owned by hedge funds and other institutional investors.

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

Shares of IJJ opened at $146.78 on Friday. iShares S&P Mid-Cap 400 Value ETF has a one year low of $120.03 and a one year high of $147.35. The company has a 50-day simple moving average of $140.50 and a two-hundred day simple moving average of $137.32. The firm has a market capitalization of $8.78 billion, a PE ratio of 16.13 and a beta of 0.96.

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.