Confluence Investment Management LLC lowered its stake in shares of iShares S&P MidCap 400 Value Index (NYSEARCA:IJJ) by 4.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 53,812 shares of the company’s stock after selling 2,684 shares during the period. Confluence Investment Management LLC’s holdings in iShares S&P MidCap 400 Value Index were worth $8,616,000 as of its most recent SEC filing.

iShares S&P MidCap 400 Value Index (IJJ) opened at $162.95 on Tuesday. iShares S&P MidCap 400 Value Index has a 1 year low of $142.74 and a 1 year high of $163.18. The company has a market cap of $5,960.00 and a P/E ratio of 7.81.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 26th. Shareholders of record on Wednesday, December 20th were given a dividend of $0.7286 per share. The ex-dividend date was Tuesday, December 19th. This represents a $2.91 annualized dividend and a dividend yield of 1.79%. iShares S&P MidCap 400 Value Index’s dividend payout ratio is currently 11.69%.

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iShares S&P MidCap 400 Value Index 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.

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