iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sets New 1-Year High – Here’s What Happened

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s stock price reached a new 52-week high on Thursday . The company traded as high as $148.11 and last traded at $147.80, with a volume of 22028 shares. The stock had previously closed at $145.72.

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

The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96. The business’s 50-day moving average is $141.98 and its 200-day moving average is $138.15.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Value ETF

Several institutional investors and hedge funds have recently modified their holdings of the stock. Merrithew & Thorsten Inc acquired a new stake in iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in iShares S&P Mid-Cap 400 Value ETF in the 4th quarter worth approximately $27,000. Cedar Mountain Advisors LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 1st quarter worth approximately $27,000. Caitlin John LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 3rd quarter worth approximately $28,000. Finally, Sankala Group LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds 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.