iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sees Large Volume Increase – Still a Buy?

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) saw strong trading volume on Thursday . 153,539 shares were traded during trading, an increase of 3% from the previous session’s volume of 149,172 shares.The stock last traded at $125.36 and had previously closed at $124.96.

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

The company’s 50-day simple moving average is $128.94 and its two-hundred day simple moving average is $122.69. The firm has a market capitalization of $8.11 billion, a P/E ratio of 14.35 and a beta of 1.08.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Guidance Point Advisors LLC raised its holdings in iShares S&P Mid-Cap 400 Value ETF by 0.4% during the third quarter. Guidance Point Advisors LLC now owns 19,781 shares of the company’s stock valued at $2,445,000 after acquiring an additional 83 shares during the period. Sensible Money LLC lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 2.8% in the 3rd quarter. Sensible Money LLC now owns 3,423 shares of the company’s stock worth $423,000 after purchasing an additional 93 shares in the last quarter. Citizens Financial Group Inc. RI lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.2% in the 3rd quarter. Citizens Financial Group Inc. RI now owns 8,187 shares of the company’s stock worth $1,012,000 after purchasing an additional 96 shares in the last quarter. Gallacher Capital Management LLC boosted its stake in iShares S&P Mid-Cap 400 Value ETF by 5.7% in the 2nd quarter. Gallacher Capital Management LLC now owns 1,860 shares of the company’s stock worth $211,000 after purchasing an additional 100 shares during the period. Finally, EP Wealth Advisors LLC grew its holdings in iShares S&P Mid-Cap 400 Value ETF by 1.6% during the 2nd quarter. EP Wealth Advisors LLC now owns 6,529 shares of the company’s stock valued at $741,000 after buying an additional 105 shares in the last quarter.

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.