iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Reaches New 12-Month High – Time to Buy?

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $118.78 and last traded at $118.95, with a volume of 73012 shares trading hands. The stock had previously closed at $117.09.

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

The company has a market cap of $7.26 billion, a P/E ratio of 13.92 and a beta of 1.08. The business has a 50 day moving average price of $113.48 and a two-hundred day moving average price of $109.22.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in IJS. Tcfg Wealth Management LLC grew its holdings in iShares S&P Small-Cap 600 Value ETF by 8,726.1% in the 3rd quarter. Tcfg Wealth Management LLC now owns 432,301 shares of the company’s stock worth $47,808,000 after acquiring an additional 427,403 shares during the last quarter. World Investment Advisors grew its stake in shares of iShares S&P Small-Cap 600 Value ETF by 4,702.1% in the third quarter. World Investment Advisors now owns 362,321 shares of the company’s stock worth $40,069,000 after purchasing an additional 354,776 shares during the last quarter. Vestmark Advisory Solutions Inc. bought a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the third quarter worth about $23,118,000. Modera Wealth Management LLC increased its holdings in iShares S&P Small-Cap 600 Value ETF by 19.6% during the 2nd quarter. Modera Wealth Management LLC now owns 849,875 shares of the company’s stock valued at $84,554,000 after purchasing an additional 139,194 shares during the period. Finally, BNP Paribas Financial Markets raised its position in iShares S&P Small-Cap 600 Value ETF by 4,206.0% during the 3rd quarter. BNP Paribas Financial Markets now owns 122,291 shares of the company’s stock valued at $13,524,000 after purchasing an additional 119,451 shares during the last quarter. 71.86% of the stock is owned by hedge funds and other institutional investors.

About iShares S&P Small-Cap 600 Value ETF

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.