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

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) saw unusually-strong trading volume on Monday . Approximately 338,280 shares changed hands during mid-day trading, an increase of 93% from the previous session’s volume of 174,970 shares.The stock last traded at $121.50 and had previously closed at $122.21.

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

The company’s 50-day moving average is $126.85 and its 200-day moving average is $126.20. The firm has a market cap of $8.24 billion, a price-to-earnings ratio of 17.02 and a beta of 1.18.

Hedge Funds Weigh In On iShares S&P Mid-Cap 400 Value ETF

Several large investors have recently made changes to their positions in IJJ. Farther Finance Advisors LLC lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 11.0% in the third quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $138,000 after buying an additional 111 shares during the period. Janney Montgomery Scott LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.5% in the 3rd quarter. Janney Montgomery Scott LLC now owns 40,540 shares of the company’s stock valued at $5,012,000 after purchasing an additional 586 shares during the period. QRG Capital Management Inc. boosted its position in shares of iShares S&P Mid-Cap 400 Value ETF by 14.0% in the 3rd quarter. QRG Capital Management Inc. now owns 2,704 shares of the company’s stock worth $334,000 after purchasing an additional 333 shares during the last quarter. Equitable Trust Co. acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the third quarter worth $446,000. Finally, Houlihan Financial Resource Group Ltd. bought a new stake in iShares S&P Mid-Cap 400 Value ETF in the third quarter valued at about $983,000.

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.