iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Hits New 52-Week High – Here’s Why

Shares of iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) hit a new 52-week high on Wednesday . The company traded as high as $130.41 and last traded at $130.11, with a volume of 17978 shares. The stock had previously closed at $129.29.

iShares S&P Small-Cap 600 Value ETF Stock Performance

The stock has a market capitalization of $7.94 billion, a P/E ratio of 13.92 and a beta of 1.01. The business has a fifty day simple moving average of $122.08 and a 200-day simple moving average of $118.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Certuity LLC acquired a new position in iShares S&P Small-Cap 600 Value ETF during the 4th quarter worth approximately $495,000. Vestmark Advisory Solutions Inc. acquired a new stake in iShares S&P Small-Cap 600 Value ETF in the third quarter valued at approximately $23,118,000. Comerica Bank grew its stake in iShares S&P Small-Cap 600 Value ETF by 6.7% in the fourth quarter. Comerica Bank now owns 95,512 shares of the company’s stock valued at $10,862,000 after acquiring an additional 5,958 shares during the period. Jones Financial Companies Lllp increased its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 4.9% during the third quarter. Jones Financial Companies Lllp now owns 325,609 shares of the company’s stock valued at $35,908,000 after acquiring an additional 15,151 shares in the last quarter. Finally, Sherman Wealth Management LLC bought a new stake in shares of iShares S&P Small-Cap 600 Value ETF during the fourth quarter valued at approximately $785,000. 71.86% of the stock is owned by institutional investors.

iShares S&P Small-Cap 600 Value ETF Company Profile

iShares S&P Small-Cap 600 Value ETF, formerly iShares S&P SmallCap 600 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 SmallCap 600 Value Index (the Index). The Index measures the performance of the small-capitalization value sector of the United States equity market and consists of those stocks in the S&P SmallCap 600 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.