iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Hits New 1-Year High – Here’s Why

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as $137.07 and last traded at $136.68, with a volume of 195665 shares changing hands. The stock had previously closed at $136.34.

iShares S&P Small-Cap 600 Value ETF Stock Down 0.8%

The company has a market capitalization of $7.94 billion, a PE ratio of 13.92 and a beta of 0.99. The company’s 50 day moving average is $130.96 and its two-hundred day moving average is $124.11.

Institutional Investors Weigh In On iShares S&P Small-Cap 600 Value ETF

Hedge funds have recently bought and sold shares of the business. Merrithew & Thorsten Inc bought a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the 4th quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new position in iShares S&P Small-Cap 600 Value ETF in the 4th quarter worth about $26,000. Assetmark Inc. raised its position in iShares S&P Small-Cap 600 Value ETF by 138.8% during the 1st quarter. Assetmark Inc. now owns 234 shares of the company’s stock valued at $28,000 after purchasing an additional 136 shares in the last quarter. Capital Investment Counsel Inc purchased a new stake in iShares S&P Small-Cap 600 Value ETF in the fourth quarter worth about $30,000. Finally, Monetary Solutions Ltd bought a new position in shares of iShares S&P Small-Cap 600 Value ETF during the fourth quarter valued at approximately $31,000. Hedge funds and other institutional investors own 71.86% of the company’s stock.

iShares S&P Small-Cap 600 Value ETF Company Profile

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 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 SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 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.