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

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) hit a new 52-week high during trading on Thursday . The stock traded as high as $148.11 and last traded at $147.80, with a volume of 22028 shares. The stock had previously closed at $145.72.

iShares S&P Mid-Cap 400 Value ETF Stock Up 0.7%

The company has a market capitalization of $8.77 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96. The stock’s 50-day simple moving average is $141.98 and its two-hundred day simple moving average is $138.15.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Brighton Jones LLC lifted its stake in iShares S&P Mid-Cap 400 Value ETF by 52.2% in the 4th quarter. Brighton Jones LLC now owns 5,797 shares of the company’s stock valued at $724,000 after buying an additional 1,988 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 268.5% during the first quarter. AQR Capital Management LLC now owns 19,501 shares of the company’s stock valued at $2,335,000 after acquiring an additional 14,209 shares during the last quarter. Integrated Wealth Concepts LLC raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 5.6% during the first quarter. Integrated Wealth Concepts LLC now owns 2,910 shares of the company’s stock valued at $348,000 after acquiring an additional 154 shares during the last quarter. NewEdge Advisors LLC lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 15.8% in the first quarter. NewEdge Advisors LLC now owns 9,103 shares of the company’s stock valued at $1,090,000 after acquiring an additional 1,242 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 163.7% in the first quarter. Goldman Sachs Group Inc. now owns 73,433 shares of the company’s stock valued at $8,792,000 after acquiring an additional 45,589 shares in the last quarter. Institutional investors and hedge funds own 66.95% of the company’s stock.

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.