iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Reaches New 1-Year High – Here’s What Happened

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS)’s stock price reached a new 52-week high during trading on Tuesday . The stock traded as high as $126.81 and last traded at $126.5250, with a volume of 14044 shares trading hands. The stock had previously closed at $126.08.

iShares S&P Small-Cap 600 Value ETF Trading Up 0.8%

The firm has a market cap of $7.84 billion, a PE ratio of 13.92 and a beta of 1.08. The business has a fifty day moving average price of $118.48 and a 200 day moving average price of $112.26.

Hedge Funds Weigh In On iShares S&P Small-Cap 600 Value ETF

Several hedge funds have recently made changes to their positions in the company. Avantax Advisory Services Inc. increased its stake in iShares S&P Small-Cap 600 Value ETF by 52.7% during the second quarter. Avantax Advisory Services Inc. now owns 148,729 shares of the company’s stock valued at $14,797,000 after acquiring an additional 51,300 shares during the period. Advisors Capital Management LLC acquired a new stake in shares of iShares S&P Small-Cap 600 Value ETF during the 2nd quarter worth approximately $302,000. Brown Advisory Inc. increased its position in shares of iShares S&P Small-Cap 600 Value ETF by 684.9% during the second quarter. Brown Advisory Inc. now owns 108,548 shares of the company’s stock valued at $10,799,000 after purchasing an additional 94,719 shares during the period. Flow Traders U.S. LLC acquired a new position in shares of iShares S&P Small-Cap 600 Value ETF in the second quarter valued at $1,763,000. Finally, Cordatus Wealth Management LLC bought a new position in iShares S&P Small-Cap 600 Value ETF in the third quarter worth $8,671,000. Hedge funds and other 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.