Narwhal Capital Management Makes New Investment in iShares S&P Mid-Cap 400 Value ETF $IJJ

Narwhal Capital Management purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 6,923 shares of the company’s stock, valued at approximately $953,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Csenge Advisory Group increased its position in iShares S&P Mid-Cap 400 Value ETF by 4.9% during the third quarter. Csenge Advisory Group now owns 37,973 shares of the company’s stock valued at $5,229,000 after acquiring an additional 1,788 shares during the last quarter. Idaho Trust Co bought a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 3rd quarter valued at $6,011,000. Private Management Group Inc. bought a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 3rd quarter valued at $213,000. M Holdings Securities Inc. bought a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 3rd quarter valued at $515,000. Finally, Avantax Planning Partners Inc. purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the 3rd quarter worth $587,000. 66.95% of the stock is currently owned by hedge funds and other institutional investors.

iShares S&P Mid-Cap 400 Value ETF Price Performance

NYSEARCA:IJJ opened at $146.95 on Wednesday. iShares S&P Mid-Cap 400 Value ETF has a one year low of $123.89 and a one year high of $151.81. The business has a fifty day moving average price of $143.00 and a 200-day moving average price of $142.24. The firm has a market capitalization of $8.81 billion, a price-to-earnings ratio of 16.13 and a beta of 0.97.

iShares S&P Mid-Cap 400 Value ETF 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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.