iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sets New 12-Month High – Should You Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s stock price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $133.31 and last traded at $133.30, with a volume of 92497 shares trading hands. The stock had previously closed at $131.30.

iShares S&P Mid-Cap 400 Value ETF Trading Up 1.6 %

The company has a market capitalization of $8.62 billion, a price-to-earnings ratio of 14.35 and a beta of 1.08. The company’s 50 day simple moving average is $125.60 and its 200-day simple moving average is $119.77.

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

Hedge funds have recently bought and sold shares of the company. LRI Investments LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the 1st quarter worth $138,000. Kestra Advisory Services LLC lifted its position in iShares S&P Mid-Cap 400 Value ETF by 4.8% during the first quarter. Kestra Advisory Services LLC now owns 104,979 shares of the company’s stock worth $12,418,000 after buying an additional 4,819 shares during the period. Waverly Advisors LLC boosted its stake in iShares S&P Mid-Cap 400 Value ETF by 6.4% in the 1st quarter. Waverly Advisors LLC now owns 11,521 shares of the company’s stock worth $1,363,000 after buying an additional 696 shares during the last quarter. National Wealth Management Group LLC grew its holdings in iShares S&P Mid-Cap 400 Value ETF by 4.4% in the 1st quarter. National Wealth Management Group LLC now owns 7,013 shares of the company’s stock valued at $830,000 after buying an additional 296 shares during the period. Finally, Atria Investments Inc increased its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 5.3% during the 1st quarter. Atria Investments Inc now owns 13,327 shares of the company’s stock valued at $1,576,000 after acquiring an additional 676 shares during the last quarter.

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.