iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Hits New 12-Month High – What’s Next?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares hit a new 52-week high on Tuesday . The stock traded as high as $149.87 and last traded at $149.62, with a volume of 99141 shares. The stock had previously closed at $148.53.

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

The stock’s 50-day moving average price is $145.34 and its 200-day moving average price is $140.54. The company has a market capitalization of $8.84 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96.

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

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

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.