First Merchants Corp Purchases 84,421 Shares of iShares S&P Mid-Cap 400 Value ETF $IJJ

First Merchants Corp purchased a new stake in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 84,421 shares of the company’s stock, valued at approximately $11,626,000. First Merchants Corp owned about 0.14% of iShares S&P Mid-Cap 400 Value ETF at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IJJ. Envestnet Asset Management Inc. boosted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 1.9% in the 2nd quarter. Envestnet Asset Management Inc. now owns 2,237,277 shares of the company’s stock valued at $330,499,000 after buying an additional 42,650 shares during the last quarter. Bank of America Corp DE raised its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.3% in the 1st quarter. Bank of America Corp DE now owns 2,402,568 shares of the company’s stock valued at $318,340,000 after acquiring an additional 29,909 shares during the period. PNC Financial Services Group Inc. increased its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 0.7% during the first quarter. PNC Financial Services Group Inc. now owns 1,350,338 shares of the company’s stock worth $178,920,000 after purchasing an additional 9,695 shares during the period. D.A. Davidson & CO. lifted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 3.6% during the first quarter. D.A. Davidson & CO. now owns 1,091,192 shares of the company’s stock worth $144,583,000 after buying an additional 38,084 shares in the last quarter. Finally, Royal Bank of Canada raised its stake in iShares S&P Mid-Cap 400 Value ETF by 3.8% in the 1st quarter. Royal Bank of Canada now owns 558,496 shares of the company’s stock worth $74,000,000 after purchasing an additional 20,382 shares in the last quarter. 66.95% of the stock is owned by institutional investors.

iShares S&P Mid-Cap 400 Value ETF Trading Up 1.2%

Shares of IJJ stock opened at $141.62 on Friday. The stock has a market cap of $8.53 billion, a P/E ratio of 16.13 and a beta of 0.97. iShares S&P Mid-Cap 400 Value ETF has a 1 year low of $123.89 and a 1 year high of $151.81. The stock has a 50 day simple moving average of $144.64 and a 200 day simple moving average of $143.59.

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.