iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sets New 12-Month High – What’s Next?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $148.28 and last traded at $148.02, with a volume of 33761 shares trading hands. The stock had previously closed at $146.78.

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

The business’s 50 day moving average is $143.58 and its two-hundred day moving average is $139.46. The firm has a market capitalization of $8.78 billion, a P/E ratio of 16.13 and a beta of 0.96.

Institutional Trading of iShares S&P Mid-Cap 400 Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. boosted its stake in iShares S&P Mid-Cap 400 Value ETF by 498.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock worth $494,119,000 after purchasing an additional 3,127,303 shares during the period. Align Financial LLC purchased a new position in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth approximately $26,805,000. AlphaCore Capital LLC raised its stake in iShares S&P Mid-Cap 400 Value ETF by 5,244.2% during the 4th quarter. AlphaCore Capital LLC now owns 165,351 shares of the company’s stock valued at $21,759,000 after purchasing an additional 162,257 shares during the period. UBS Group AG raised its stake in iShares S&P Mid-Cap 400 Value ETF by 5.4% during 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 period. Finally, Hsbc Holdings PLC lifted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 6,088.8% in the first quarter. Hsbc Holdings PLC now owns 100,692 shares of the company’s stock valued at $13,265,000 after purchasing an additional 99,065 shares in the last quarter. 66.95% of the stock is currently 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.