Modern Wealth Management LLC Trims Stake in iShares S&P Mid-Cap 400 Value ETF $IJJ

Modern Wealth Management LLC lowered its position in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 97.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,482 shares of the company’s stock after selling 528,614 shares during the period. Modern Wealth Management LLC’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $1,734,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the fourth quarter worth about $25,000. CX Institutional bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the first quarter worth about $27,000. von Borstel & Associates Inc. bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the first quarter worth about $27,000. ORG Partners LLC bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the first quarter worth about $29,000. Finally, MorganRosel Wealth Management LLC bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the first quarter worth about $33,000. Institutional investors own 66.95% of the company’s stock.

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

Shares of NYSEARCA IJJ opened at $131.10 on Friday. The company has a market cap of $8.13 billion, a P/E ratio of 16.13 and a beta of 1.17. iShares S&P Mid-Cap 400 Value ETF has a 1 year low of $102.24 and a 1 year high of $136.42. The firm has a 50-day simple moving average of $127.71 and a two-hundred day simple moving average of $121.85.

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.