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

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s stock price reached a new 52-week high on Wednesday . The stock traded as high as $130.77 and last traded at $130.67, with a volume of 9434 shares trading hands. The stock had previously closed at $125.64.

iShares S&P Mid-Cap 400 Value ETF Price Performance

The business’s 50-day simple moving average is $122.81 and its 200-day simple moving average is $118.22. The company has a market cap of $8.49 billion, a price-to-earnings ratio of 14.35 and a beta of 1.08.

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

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Syntrinsic LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the third quarter valued at $42,000. GAMMA Investing LLC lifted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 94.3% during the 3rd quarter. GAMMA Investing LLC now owns 338 shares of the company’s stock worth $42,000 after acquiring an additional 164 shares during the period. Eastern Bank acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the third quarter worth approximately $57,000. Wolff Wiese Magana LLC purchased a new stake in iShares S&P Mid-Cap 400 Value ETF in the second quarter valued at approximately $53,000. Finally, Allspring Global Investments Holdings LLC increased its position in iShares S&P Mid-Cap 400 Value ETF by 36.1% during the second quarter. Allspring Global Investments Holdings LLC now owns 547 shares of the company’s stock worth $62,000 after purchasing an additional 145 shares during the last quarter.

About iShares S&P Mid-Cap 400 Value ETF

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.