iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 12-Month High – Time to Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s stock price reached a new 52-week high on Wednesday . The company traded as high as $133.93 and last traded at $134.5750, with a volume of 84637 shares. The stock had previously closed at $131.68.

iShares S&P Mid-Cap 400 Value ETF Trading Up 2.2%

The company’s fifty day moving average is $129.21 and its two-hundred day moving average is $127.22. The stock has a market cap of $8.15 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05.

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

Hedge funds and other institutional investors have recently bought and sold shares of the company. Balance Wealth LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the third quarter worth about $32,584,000. World Investment Advisors increased its stake in iShares S&P Mid-Cap 400 Value ETF by 4,526.6% during 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 period. Laurel Wealth Advisors LLC lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 12,258.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 179,686 shares of the company’s stock worth $22,206,000 after buying an additional 178,232 shares in the last quarter. Vestmark Advisory Solutions Inc. purchased a new position in iShares S&P Mid-Cap 400 Value ETF in the 3rd quarter valued at approximately $17,072,000. Finally, UBS Group AG boosted its position in iShares S&P Mid-Cap 400 Value ETF by 5.4% in the 3rd quarter. UBS Group AG now owns 2,154,324 shares of the company’s stock valued at $279,459,000 after buying an additional 110,590 shares during the period. 66.95% of the stock is currently owned by hedge funds and other institutional investors.

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.