iShares S&P Mid-Cap 400 Value ETF $IJJ Shares Sold by Salomon & Ludwin LLC

Salomon & Ludwin LLC cut its stake in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 2.9% during the 2nd quarter, HoldingsChannel reports. The fund owned 105,218 shares of the company’s stock after selling 3,163 shares during the period. iShares S&P Mid-Cap 400 Value ETF comprises 1.3% of Salomon & Ludwin LLC’s portfolio, making the stock its 22nd largest position. Salomon & Ludwin LLC’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $13,410,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its holdings in iShares S&P Mid-Cap 400 Value ETF by 6.2% in the first quarter. Envestnet Asset Management Inc. now owns 1,978,891 shares of the company’s stock valued at $236,933,000 after acquiring an additional 116,156 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in iShares S&P Mid-Cap 400 Value ETF by 0.6% during the first quarter. PNC Financial Services Group Inc. now owns 1,415,718 shares of the company’s stock valued at $169,504,000 after purchasing an additional 8,049 shares during the last quarter. D.A. Davidson & CO. increased its stake in iShares S&P Mid-Cap 400 Value ETF by 2.8% during the first quarter. D.A. Davidson & CO. now owns 922,596 shares of the company’s stock valued at $110,462,000 after purchasing an additional 24,732 shares during the last quarter. Raymond James Financial Inc. increased its stake in iShares S&P Mid-Cap 400 Value ETF by 2.7% during the first quarter. Raymond James Financial Inc. now owns 876,953 shares of the company’s stock valued at $104,997,000 after purchasing an additional 23,414 shares during the last quarter. Finally, LPL Financial LLC increased its stake in iShares S&P Mid-Cap 400 Value ETF by 25.0% during the first quarter. LPL Financial LLC now owns 817,455 shares of the company’s stock valued at $97,874,000 after purchasing an additional 163,256 shares during the last quarter. 66.95% of the stock is owned by institutional investors and hedge funds.

iShares S&P Mid-Cap 400 Value ETF Price Performance

IJJ stock opened at $128.19 on Friday. iShares S&P Mid-Cap 400 Value ETF has a 1-year low of $102.24 and a 1-year high of $136.42. The firm has a fifty day moving average price of $129.42 and a two-hundred day moving average price of $123.29. The firm has a market cap of $7.82 billion, a price-to-earnings ratio of 16.13 and a beta of 1.17.

iShares S&P Mid-Cap 400 Value ETF 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.