iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Reaches New 12-Month High – Time to Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) reached a new 52-week high on Tuesday . The stock traded as high as $149.89 and last traded at $149.89, with a volume of 11287 shares traded. The stock had previously closed at $149.32.

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

The stock has a market capitalization of $9.03 billion, a P/E ratio of 16.13 and a beta of 0.96. The stock has a 50-day moving average price of $145.81 and a two-hundred day moving average price of $140.78.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IJJ. Concurrent Investment Advisors LLC increased its stake in iShares S&P Mid-Cap 400 Value ETF by 70.6% during the 4th quarter. Concurrent Investment Advisors LLC now owns 18,184 shares of the company’s stock valued at $2,393,000 after purchasing an additional 7,524 shares in the last quarter. MidFirst Bank bought a new position in shares of iShares S&P Mid-Cap 400 Value ETF in the fourth quarter worth approximately $7,237,000. Sterling Financial Planning Inc. lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 3.5% in the fourth quarter. Sterling Financial Planning Inc. now owns 152,975 shares of the company’s stock worth $20,130,000 after buying an additional 5,107 shares in the last quarter. Compass Financial Group Inc. Ohio purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter valued at approximately $1,134,000. Finally, Whitaker Myers Wealth Managers LTD. grew its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 27.1% during the fourth quarter. Whitaker Myers Wealth Managers LTD. now owns 23,694 shares of the company’s stock valued at $3,118,000 after buying an additional 5,054 shares during the last quarter. Hedge funds and other institutional investors own 66.95% of the company’s stock.

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.