iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. cut its stake in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 2.4% in the first quarter, Holdings Channel.com reports. The fund owned 12,238 shares of the company’s stock after selling 305 shares during the quarter. Valmark Advisers Inc.’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $1,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $106,658,000. Modern Wealth Management LLC purchased a new position in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth approximately $69,402,000. FMR LLC grew its stake in iShares S&P Mid-Cap 400 Value ETF by 4.4% during the 4th quarter. FMR LLC now owns 3,366,491 shares of the company’s stock worth $420,677,000 after buying an additional 143,077 shares during the last quarter. Ameriprise Financial Inc. increased its position in iShares S&P Mid-Cap 400 Value ETF by 7.6% during the fourth quarter. Ameriprise Financial Inc. now owns 987,732 shares of the company’s stock worth $123,442,000 after buying an additional 69,868 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in iShares S&P Mid-Cap 400 Value ETF by 3.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 1,862,735 shares of the company’s stock worth $232,767,000 after buying an additional 67,236 shares during the period.

iShares S&P Mid-Cap 400 Value ETF Trading Up 1.1%

Shares of NYSEARCA IJJ opened at $122.07 on Tuesday. The stock has a market cap of $7.63 billion, a P/E ratio of 15.60 and a beta of 1.05. The stock has a 50 day moving average of $118.27 and a two-hundred day moving average of $121.88. iShares S&P Mid-Cap 400 Value ETF has a twelve month low of $102.24 and a twelve month high of $136.42.

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.