iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sets New 52-Week High – Time to Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s share price reached a new 52-week high on Wednesday . The stock traded as high as $130.77 and last traded at $130.67, with a volume of 9434 shares changing hands. The stock had previously closed at $125.64.

iShares S&P Mid-Cap 400 Value ETF Trading Up 4.5 %

The company has a fifty day moving average price of $122.81 and a two-hundred day moving average price of $118.22. The firm has a market capitalization of $8.49 billion, a PE ratio of 14.35 and a beta of 1.08.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Value ETF

A number of hedge funds have recently modified their holdings of the business. Guidance Point Advisors LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 0.4% in the 3rd quarter. Guidance Point Advisors LLC now owns 19,781 shares of the company’s stock worth $2,445,000 after acquiring an additional 83 shares during the period. Lodestar Private Asset Management LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.9% in the second quarter. Lodestar Private Asset Management LLC now owns 4,772 shares of the company’s stock valued at $541,000 after purchasing an additional 88 shares during the period. Sensible Money LLC increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 2.8% in the third quarter. Sensible Money LLC now owns 3,423 shares of the company’s stock valued at $423,000 after buying an additional 93 shares in the last quarter. Gallacher Capital Management LLC lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 5.7% during the 2nd quarter. Gallacher Capital Management LLC now owns 1,860 shares of the company’s stock valued at $211,000 after acquiring an additional 100 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 1.6% in the 2nd quarter. EP Wealth Advisors LLC now owns 6,529 shares of the company’s stock worth $741,000 after acquiring an additional 105 shares during the period.

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.