Independent Financial Group LLC Invests $695,000 in iShares S&P Mid-Cap 400 Value ETF $IJJ

Independent Financial Group LLC acquired a new position in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) in the 1st quarter, HoldingsChannel reports. The institutional investor acquired 5,245 shares of the company’s stock, valued at approximately $695,000.

Other institutional investors have also recently bought and sold shares of the company. Merrithew & Thorsten Inc purchased a new position in iShares S&P Mid-Cap 400 Value ETF in the fourth quarter valued at about $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth about $27,000. Cedar Mountain Advisors LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 1st quarter worth about $27,000. Sankala Group LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at about $28,000. Finally, Toth Financial Advisory Corp acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 66.95% of the company’s stock.

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

Shares of NYSEARCA IJJ opened at $147.46 on Wednesday. The business has a 50 day simple moving average of $144.22 and a 200 day simple moving average of $139.98. iShares S&P Mid-Cap 400 Value ETF has a 52 week low of $121.37 and a 52 week high of $149.77. The stock has a market cap of $8.80 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96.

iShares S&P Mid-Cap 400 Value ETF 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.