iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Share Price Cross Above Fifty Day Moving Average – Here’s What Happened

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s share price passed above its 50 day moving average during trading on Monday. The stock has a 50 day moving average of $143.59 and traded as high as $144.73. iShares S&P Mid-Cap 400 Value ETF shares last traded at $143.96, with a volume of 123,299 shares.

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

The firm’s 50-day moving average price is $143.59 and its 200-day moving average price is $141.81. The stock has a market capitalization of $8.60 billion, a PE ratio of 16.13 and a beta of 0.97.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sensible Money LLC lifted its stake in iShares S&P Mid-Cap 400 Value ETF by 2.4% during the third quarter. Sensible Money LLC now owns 3,391 shares of the company’s stock valued at $467,000 after buying an additional 80 shares in the last quarter. Partners Wealth Management LLC boosted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 2.3% in the first quarter. Partners Wealth Management LLC now owns 4,394 shares of the company’s stock worth $582,000 after buying an additional 100 shares during the period. Net Worth Advisory Group boosted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 3.0% in the third quarter. Net Worth Advisory Group now owns 3,983 shares of the company’s stock worth $554,000 after buying an additional 117 shares during the period. Holos Integrated Wealth LLC increased its position in shares of iShares S&P Mid-Cap 400 Value ETF by 16.8% in the third quarter. Holos Integrated Wealth LLC now owns 1,072 shares of the company’s stock worth $151,000 after acquiring an additional 154 shares in the last quarter. Finally, First Horizon Corp increased its position in shares of iShares S&P Mid-Cap 400 Value ETF by 3.6% in the first quarter. First Horizon Corp now owns 4,586 shares of the company’s stock worth $608,000 after acquiring an additional 161 shares in the last quarter. Hedge funds and other 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.