iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Hits New 12-Month High – Still a Buy?

Shares of iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $138.42 and last traded at $138.22, with a volume of 45766 shares trading hands. The stock had previously closed at $136.23.

iShares S&P Small-Cap 600 Value ETF Stock Performance

The firm’s 50-day simple moving average is $132.06 and its 200 day simple moving average is $125.33. The stock has a market capitalization of $8.24 billion, a P/E ratio of 13.92 and a beta of 0.99.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Certuity LLC bought a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the 4th quarter valued at about $495,000. Comerica Bank boosted its holdings in iShares S&P Small-Cap 600 Value ETF by 6.7% in the fourth quarter. Comerica Bank now owns 95,512 shares of the company’s stock valued at $10,862,000 after acquiring an additional 5,958 shares during the last quarter. Powerhouse Assets LLC bought a new stake in iShares S&P Small-Cap 600 Value ETF in the fourth quarter valued at approximately $1,014,000. Hudson Oak Wealth Advisory LLC acquired a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter valued at approximately $1,450,000. Finally, Sherman Wealth Management LLC acquired a new stake in iShares S&P Small-Cap 600 Value ETF during the 4th quarter valued at approximately $785,000. 71.86% of the stock is owned by institutional investors and hedge funds.

About iShares S&P Small-Cap 600 Value ETF

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.