Independent Financial Group LLC bought a new position in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ – Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 5,245 shares of the company’s stock, valued at approximately $695,000.
Several other hedge funds and other institutional investors have also modified their holdings of IJJ. Merrithew & Thorsten Inc acquired a new position in iShares S&P Mid-Cap 400 Value ETF during the fourth quarter valued at $26,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth about $27,000. Cedar Mountain Advisors LLC purchased a new position in iShares S&P Mid-Cap 400 Value ETF during the 1st quarter valued at about $27,000. Sankala Group LLC purchased a new position in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at about $28,000. Finally, Toth Financial Advisory Corp purchased a new position in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at about $29,000. Institutional investors and hedge funds own 66.95% of the company’s stock.
iShares S&P Mid-Cap 400 Value ETF Price Performance
Shares of IJJ opened at $147.46 on Wednesday. The business’s 50-day moving average is $144.22 and its 200-day moving average is $139.98. The company has a market capitalization of $8.80 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96. iShares S&P Mid-Cap 400 Value ETF has a fifty-two week low of $121.37 and a fifty-two week high of $149.77.
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.
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