iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sees Unusually-High Trading Volume – Still a Buy?

Shares of iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) saw strong trading volume on Thursday . 571,857 shares changed hands during mid-day trading, an increase of 73% from the previous session’s volume of 329,885 shares.The stock last traded at $108.78 and had previously closed at $108.61.

iShares S&P Small-Cap 600 Value ETF Stock Down 0.5 %

The company’s 50-day moving average is $112.34 and its two-hundred day moving average is $106.59. The company has a market cap of $7.56 billion, a P/E ratio of 11.70 and a beta of 1.20.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IJS. World Investment Advisors LLC lifted its holdings in iShares S&P Small-Cap 600 Value ETF by 6,991.4% during the third quarter. World Investment Advisors LLC now owns 363,078 shares of the company’s stock valued at $39,228,000 after purchasing an additional 357,958 shares during the last quarter. Commonwealth Equity Services LLC raised its position in shares of iShares S&P Small-Cap 600 Value ETF by 28.0% in the third quarter. Commonwealth Equity Services LLC now owns 647,373 shares of the company’s stock valued at $69,696,000 after purchasing an additional 141,658 shares during the period. Kovitz Investment Group Partners LLC lifted its stake in shares of iShares S&P Small-Cap 600 Value ETF by 253.6% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 196,877 shares of the company’s stock valued at $21,196,000 after buying an additional 141,192 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in iShares S&P Small-Cap 600 Value ETF by 605.3% in the 3rd quarter. Prospera Financial Services Inc now owns 86,731 shares of the company’s stock worth $9,338,000 after buying an additional 74,434 shares during the period. Finally, Cordatus Wealth Management LLC purchased a new position in iShares S&P Small-Cap 600 Value ETF in the 3rd quarter valued at approximately $7,642,000.

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.