D.B. Root & Company LLC decreased its position in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ – Free Report) by 31.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 31,962 shares of the company’s stock after selling 14,528 shares during the period. iShares S&P Mid-Cap 400 Value ETF comprises about 0.9% of D.B. Root & Company LLC’s portfolio, making the stock its 23rd biggest holding. D.B. Root & Company LLC’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $4,402,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of IJJ. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.9% during the 2nd quarter. Envestnet Asset Management Inc. now owns 2,237,277 shares of the company’s stock worth $330,499,000 after acquiring an additional 42,650 shares during the period. Bank of America Corp DE increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.3% in the 1st quarter. Bank of America Corp DE now owns 2,402,568 shares of the company’s stock worth $318,340,000 after acquiring an additional 29,909 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 0.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 1,350,338 shares of the company’s stock worth $178,920,000 after acquiring an additional 9,695 shares during the last quarter. D.A. Davidson & CO. purchased a new stake in iShares S&P Mid-Cap 400 Value ETF in the 3rd quarter worth about $161,331,000. Finally, Royal Bank of Canada raised its stake in iShares S&P Mid-Cap 400 Value ETF by 3.8% in the 1st quarter. Royal Bank of Canada now owns 558,496 shares of the company’s stock valued at $74,000,000 after acquiring an additional 20,382 shares during the period. 66.95% of the stock is owned by institutional investors.
iShares S&P Mid-Cap 400 Value ETF Stock Down 0.2%
Shares of NYSEARCA:IJJ opened at $146.95 on Wednesday. The firm has a market capitalization of $8.81 billion, a PE ratio of 16.13 and a beta of 0.97. iShares S&P Mid-Cap 400 Value ETF has a twelve month low of $123.89 and a twelve month high of $151.81. The company has a 50-day moving average price of $143.00 and a two-hundred day moving average price of $142.24.
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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