iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sets New 1-Year High – Time to Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)’s stock price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $149.87 and last traded at $149.62, with a volume of 99141 shares traded. The stock had previously closed at $148.53.

iShares S&P Mid-Cap 400 Value ETF Stock Up 0.7%

The company’s fifty day moving average price is $144.93 and its 200 day moving average price is $140.36. The company has a market capitalization of $8.93 billion, a P/E ratio of 16.13 and a beta of 0.96.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Value ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 52.2% during the 4th quarter. Brighton Jones LLC now owns 5,797 shares of the company’s stock valued at $724,000 after acquiring an additional 1,988 shares during the period. AQR Capital Management LLC increased its position in shares of iShares S&P Mid-Cap 400 Value ETF by 268.5% in the first quarter. AQR Capital Management LLC now owns 19,501 shares of the company’s stock worth $2,335,000 after purchasing an additional 14,209 shares during the period. Integrated Wealth Concepts LLC increased its position in shares of iShares S&P Mid-Cap 400 Value ETF by 5.6% in the first quarter. Integrated Wealth Concepts LLC now owns 2,910 shares of the company’s stock worth $348,000 after purchasing an additional 154 shares during the period. NewEdge Advisors LLC increased its position in shares of iShares S&P Mid-Cap 400 Value ETF by 15.8% in the first quarter. NewEdge Advisors LLC now owns 9,103 shares of the company’s stock worth $1,090,000 after purchasing an additional 1,242 shares during the period. Finally, Goldman Sachs Group Inc. raised its stake in iShares S&P Mid-Cap 400 Value ETF by 163.7% in the first quarter. Goldman Sachs Group Inc. now owns 73,433 shares of the company’s stock valued at $8,792,000 after purchasing an additional 45,589 shares in the last quarter. Institutional investors own 66.95% of the company’s stock.

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.