iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 12-Month High – What’s Next?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares hit a new 52-week high on Wednesday . The company traded as high as $138.27 and last traded at $137.5290, with a volume of 16839 shares trading hands. The stock had previously closed at $137.31.

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

The stock has a market capitalization of $8.41 billion, a P/E ratio of 16.13 and a beta of 1.05. The firm has a fifty day moving average price of $132.38 and a two-hundred day moving average price of $129.77.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quaker Wealth Management LLC increased its position in shares of iShares S&P Mid-Cap 400 Value ETF by 200.5% during the 2nd quarter. Quaker Wealth Management LLC now owns 217 shares of the company’s stock valued at $27,000 after purchasing an additional 433 shares during the last quarter. Caitlin John LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF in the third quarter worth approximately $28,000. Hantz Financial Services Inc. grew its position in iShares S&P Mid-Cap 400 Value ETF by 776.0% during the third quarter. Hantz Financial Services Inc. now owns 219 shares of the company’s stock valued at $28,000 after buying an additional 194 shares during the period. Total Investment Management Inc. purchased a new stake in iShares S&P Mid-Cap 400 Value ETF during the second quarter valued at approximately $29,000. Finally, Ryan Investment Management Inc. purchased a new stake in iShares S&P Mid-Cap 400 Value ETF during the second quarter valued at approximately $31,000. 66.95% of the stock is owned by hedge funds and other institutional investors.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.