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

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s stock price reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $151.81 and last traded at $151.74, with a volume of 16654 shares trading hands. The stock had previously closed at $151.28.

iShares S&P Mid-Cap 400 Value ETF Stock Up 0.1%

The firm has a market capitalization of $9.03 billion, a PE ratio of 16.13 and a beta of 0.96. The company has a 50-day moving average of $147.06 and a 200 day moving average of $141.44.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of IJJ. Northwestern Mutual Wealth Management Co. raised its stake in iShares S&P Mid-Cap 400 Value ETF by 498.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock valued at $494,119,000 after purchasing an additional 3,127,303 shares in the last quarter. Align Financial LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at $26,805,000. AlphaCore Capital LLC raised its position in shares of iShares S&P Mid-Cap 400 Value ETF by 5,244.2% during the 4th quarter. AlphaCore Capital LLC now owns 165,351 shares of the company’s stock valued at $21,759,000 after buying an additional 162,257 shares in the last quarter. UBS Group AG lifted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 5.4% during the 3rd quarter. UBS Group AG now owns 2,154,324 shares of the company’s stock worth $279,459,000 after acquiring an additional 110,590 shares during the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 6,088.8% during the 1st quarter. Hsbc Holdings PLC now owns 100,692 shares of the company’s stock worth $13,265,000 after acquiring an additional 99,065 shares during the last quarter. 66.95% of the stock is currently owned by 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.