iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Reaches New 52-Week High – Still a Buy?

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) hit a new 52-week high during trading on Friday . The stock traded as high as $133.31 and last traded at $133.30, with a volume of 92497 shares trading hands. The stock had previously closed at $131.30.

iShares S&P Mid-Cap 400 Value ETF Trading Up 1.5 %

The company has a 50 day moving average of $125.35 and a 200 day moving average of $119.65. The firm has a market cap of $8.61 billion, a price-to-earnings ratio of 14.35 and a beta of 1.08.

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

Institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.9% during the second quarter. Envestnet Asset Management Inc. now owns 1,754,565 shares of the company’s stock valued at $199,073,000 after acquiring an additional 32,516 shares during the period. PNC Financial Services Group Inc. increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 3.2% in the third quarter. PNC Financial Services Group Inc. now owns 1,359,539 shares of the company’s stock valued at $168,066,000 after purchasing an additional 41,812 shares during the last quarter. D.A. Davidson & CO. increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.5% in the third quarter. D.A. Davidson & CO. now owns 882,125 shares of the company’s stock valued at $109,048,000 after purchasing an additional 12,668 shares during the last quarter. Cullen Frost Bankers Inc. increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 0.5% in the second quarter. Cullen Frost Bankers Inc. now owns 693,679 shares of the company’s stock valued at $78,705,000 after purchasing an additional 3,130 shares during the last quarter. Finally, Raymond James & Associates increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.2% in the third quarter. Raymond James & Associates now owns 666,215 shares of the company’s stock valued at $82,357,000 after purchasing an additional 7,841 shares during the last quarter.

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.