Cranbrook Wealth Management LLC Reduces Holdings in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)

Cranbrook Wealth Management LLC decreased its position in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 0.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 31,386 shares of the company’s stock after selling 172 shares during the quarter. iShares S&P Mid-Cap 400 Value ETF makes up approximately 0.9% of Cranbrook Wealth Management LLC’s portfolio, making the stock its 27th largest holding. Cranbrook Wealth Management LLC’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $3,758,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in IJJ. Raymond James Financial Inc. purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $106,658,000. Modern Wealth Management LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $69,402,000. Strategic Financial Concepts LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $247,000. FMR LLC grew its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 4.4% during the fourth quarter. FMR LLC now owns 3,366,491 shares of the company’s stock worth $420,677,000 after purchasing an additional 143,077 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 7.6% during the fourth quarter. Ameriprise Financial Inc. now owns 987,732 shares of the company’s stock worth $123,442,000 after purchasing an additional 69,868 shares during the last quarter.

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

Shares of IJJ stock opened at $121.12 on Friday. The stock’s 50-day moving average is $115.79 and its two-hundred day moving average is $122.94. The firm has a market cap of $7.61 billion, a price-to-earnings ratio of 15.60 and a beta of 1.06. iShares S&P Mid-Cap 400 Value ETF has a 1 year low of $102.24 and a 1 year high of $136.42.

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.