Ramiah Investment Group Buys New Stake in iShares S&P Mid-Cap 400 Value ETF $IJJ

Ramiah Investment Group purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 26,798 shares of the company’s stock, valued at approximately $3,476,000. iShares S&P Mid-Cap 400 Value ETF accounts for approximately 3.4% of Ramiah Investment Group’s investment portfolio, making the stock its 13th largest holding.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Balance Wealth LLC acquired a new stake in iShares S&P Mid-Cap 400 Value ETF during the 3rd quarter valued at $32,584,000. Neumann Capital Management LLC boosted its stake in iShares S&P Mid-Cap 400 Value ETF by 1.4% in the second quarter. Neumann Capital Management LLC now owns 27,110 shares of the company’s stock worth $3,350,000 after purchasing an additional 380 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 17.0% during the second quarter. Bank of New York Mellon Corp now owns 479,986 shares of the company’s stock worth $59,317,000 after purchasing an additional 69,696 shares during the last quarter. Brookstone Capital Management increased its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 6.2% in the second quarter. Brookstone Capital Management now owns 2,279 shares of the company’s stock valued at $282,000 after buying an additional 133 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 62.9% in the second quarter. Franklin Resources Inc. now owns 14,760 shares of the company’s stock valued at $1,824,000 after buying an additional 5,701 shares in the last quarter. 66.95% of the stock is owned by institutional investors and hedge funds.

iShares S&P Mid-Cap 400 Value ETF Stock Up 1.4%

Shares of NYSEARCA IJJ opened at $136.94 on Friday. The firm’s 50-day simple moving average is $131.13 and its 200 day simple moving average is $129.14. The company has a market cap of $8.28 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05. iShares S&P Mid-Cap 400 Value ETF has a 12-month low of $102.24 and a 12-month high of $137.56.

About iShares S&P Mid-Cap 400 Value ETF

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.