iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sets New 52-Week High – Should You Buy?

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) hit a new 52-week high during trading on Tuesday . The company traded as high as $131.19 and last traded at $130.95, with a volume of 50991 shares traded. The stock had previously closed at $129.44.

iShares S&P Small-Cap 600 Value ETF Stock Performance

The firm has a market cap of $8.06 billion, a price-to-earnings ratio of 13.92 and a beta of 1.01. The business’s 50 day moving average price is $124.29 and its 200 day moving average price is $120.22.

Institutional Investors Weigh In On iShares S&P Small-Cap 600 Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IJS. Merrithew & Thorsten Inc acquired a new stake in iShares S&P Small-Cap 600 Value ETF in the 4th quarter valued at $25,000. Cornerstone Financial Management LLC purchased a new stake in iShares S&P Small-Cap 600 Value ETF in the 4th quarter worth $26,000. Assetmark Inc. increased its holdings in iShares S&P Small-Cap 600 Value ETF by 138.8% in the 1st quarter. Assetmark Inc. now owns 234 shares of the company’s stock worth $28,000 after acquiring an additional 136 shares in the last quarter. Accredited Wealth Management LLC increased its holdings in iShares S&P Small-Cap 600 Value ETF by 409.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 265 shares of the company’s stock worth $29,000 after acquiring an additional 213 shares in the last quarter. Finally, Root Financial Partners LLC purchased a new stake in iShares S&P Small-Cap 600 Value ETF in the 3rd quarter worth $29,000. Institutional investors and hedge funds own 71.86% of the company’s stock.

About iShares S&P Small-Cap 600 Value ETF

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 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 SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 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.