iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sees Strong Trading Volume – Still a Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares saw unusually-high trading volume on Monday . Approximately 338,280 shares traded hands during mid-day trading, an increase of 93% from the previous session’s volume of 174,970 shares.The stock last traded at $121.50 and had previously closed at $122.21.

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

The company has a market capitalization of $8.14 billion, a PE ratio of 17.02 and a beta of 1.18. The stock’s 50 day simple moving average is $126.76 and its 200-day simple moving average is $126.20.

Institutional Investors Weigh In On iShares S&P Mid-Cap 400 Value ETF

Large investors have recently added to or reduced their stakes in the business. Orion Capital Management LLC purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF in the 4th quarter valued at about $25,000. Palouse Capital Management Inc. acquired a new stake in iShares S&P Mid-Cap 400 Value ETF in the fourth quarter valued at approximately $30,000. BankPlus Trust Department purchased a new position in iShares S&P Mid-Cap 400 Value ETF in the fourth quarter worth approximately $31,000. Comprehensive Financial Planning Inc. PA acquired a new position in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth approximately $36,000. Finally, RPg Family Wealth Advisory LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the 3rd quarter valued at approximately $37,000.

iShares S&P Mid-Cap 400 Value ETF Company 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.