Sandy Spring Bank Cuts Stock Position in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)

Sandy Spring Bank lessened its stake in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 7.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,841 shares of the company’s stock after selling 153 shares during the quarter. Sandy Spring Bank’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $230,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $106,658,000. Strategic Financial Concepts LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $247,000. InvesTrust purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $7,772,000. JPMorgan Chase & Co. grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 18.3% during the third quarter. JPMorgan Chase & Co. now owns 391,172 shares of the company’s stock worth $48,357,000 after acquiring an additional 60,576 shares during the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 19.5% during the fourth quarter. Commonwealth Equity Services LLC now owns 340,782 shares of the company’s stock worth $42,584,000 after acquiring an additional 55,664 shares during the last quarter.

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

Shares of IJJ stock opened at $120.12 on Friday. iShares S&P Mid-Cap 400 Value ETF has a fifty-two week low of $109.12 and a fifty-two week high of $136.42. The firm has a market capitalization of $8.21 billion, a price-to-earnings ratio of 17.02 and a beta of 1.18. The stock’s 50-day simple moving average is $125.89 and its 200-day simple moving average is $126.01.

iShares S&P Mid-Cap 400 Value ETF 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.