iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) Sees Large Volume Increase – Still a Buy?

iShares S&P Small-Cap 600 Value ETF (NYSEARCA:IJS) saw unusually-high trading volume on Monday . Approximately 674,536 shares traded hands during mid-day trading, an increase of 70% from the previous session’s volume of 396,481 shares.The stock last traded at $100.61 and had previously closed at $101.49.

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

The firm has a fifty day moving average of $108.05 and a 200 day moving average of $108.93. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 14.55 and a beta of 1.18.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of IJS. Bank of America Corp DE raised its stake in iShares S&P Small-Cap 600 Value ETF by 4.1% during the fourth quarter. Bank of America Corp DE now owns 3,501,418 shares of the company’s stock worth $380,289,000 after purchasing an additional 137,751 shares during the period. Castlekeep Investment Advisors LLC purchased a new stake in shares of iShares S&P Small-Cap 600 Value ETF in the 4th quarter valued at approximately $309,991,000. Wells Fargo & Company MN increased its holdings in shares of iShares S&P Small-Cap 600 Value ETF by 6.6% during the 4th quarter. Wells Fargo & Company MN now owns 1,385,040 shares of the company’s stock worth $150,429,000 after buying an additional 86,222 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in iShares S&P Small-Cap 600 Value ETF by 15.2% in the fourth quarter. Commonwealth Equity Services LLC now owns 746,087 shares of the company’s stock valued at $81,032,000 after acquiring an additional 98,714 shares during the last quarter. Finally, Modern Wealth Management LLC grew its position in iShares S&P Small-Cap 600 Value ETF by 18,492.7% in the fourth quarter. Modern Wealth Management LLC now owns 631,779 shares of the company’s stock worth $68,700,000 after acquiring an additional 628,381 shares during the period.

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.