MAI Capital Management Sells 5,942 Shares of iShares S&P Mid-Cap 400 Value ETF $IJJ

MAI Capital Management cut its holdings in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 1.8% during the 3rd quarter, Holdings Channel reports. The firm owned 326,541 shares of the company’s stock after selling 5,942 shares during the period. MAI Capital Management’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $42,359,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of IJJ. Balance Wealth LLC purchased a new position in iShares S&P Mid-Cap 400 Value ETF during the third quarter valued at $32,584,000. World Investment Advisors grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 4,526.6% in the 3rd quarter. World Investment Advisors now owns 215,044 shares of the company’s stock worth $27,896,000 after buying an additional 210,396 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in iShares S&P Mid-Cap 400 Value ETF by 12,258.0% in the second quarter. Laurel Wealth Advisors LLC now owns 179,686 shares of the company’s stock worth $22,206,000 after acquiring an additional 178,232 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the third quarter worth $17,072,000. Finally, Envestnet Asset Management Inc. raised its position in shares of iShares S&P Mid-Cap 400 Value ETF by 4.2% in the 3rd quarter. Envestnet Asset Management Inc. now owns 1,968,545 shares of the company’s stock worth $255,360,000 after purchasing an additional 80,204 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 Stock Up 0.6%

Shares of NYSEARCA IJJ opened at $140.78 on Wednesday. The firm has a market cap of $8.51 billion, a P/E ratio of 16.13 and a beta of 1.05. iShares S&P Mid-Cap 400 Value ETF has a twelve month low of $102.24 and a twelve month high of $144.76. The company has a 50 day moving average of $137.73 and a 200 day moving average of $132.45.

About iShares S&P Mid-Cap 400 Value ETF

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.