iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Hits New 12-Month High – Still a Buy?

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) hit a new 52-week high on Thursday . The company traded as high as $138.42 and last traded at $138.22, with a volume of 45766 shares. The stock had previously closed at $136.23.

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

The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 13.92 and a beta of 0.99. The firm’s fifty day moving average is $132.06 and its 200-day moving average is $125.33.

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

Several institutional investors and hedge funds have recently made changes to their positions in the business. Merrithew & Thorsten Inc bought a new stake in iShares S&P Small-Cap 600 Value ETF in the fourth quarter worth approximately $25,000. Cornerstone Financial Management LLC bought a new position in shares of iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $26,000. Assetmark Inc. boosted its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 138.8% during the 1st quarter. Assetmark Inc. now owns 234 shares of the company’s stock worth $28,000 after buying an additional 136 shares in the last quarter. Capital Investment Counsel Inc acquired a new stake in shares of iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $30,000. Finally, Monetary Solutions Ltd acquired a new stake in shares of iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $31,000. Institutional investors 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.