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

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) saw unusually-high trading volume on Thursday . Approximately 1,312,863 shares changed hands during mid-day trading, an increase of 576% from the previous session’s volume of 194,087 shares.The stock last traded at $121.53 and had previously closed at $121.79.

iShares S&P Mid-Cap 400 Value ETF Stock Down 0.5 %

The firm’s fifty day simple moving average is $125.64 and its 200-day simple moving average is $126.12. The company has a market cap of $7.93 billion, a PE ratio of 16.55 and a beta of 1.18.

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

A number of large investors have recently modified their holdings of IJJ. Raymond James Financial Inc. acquired a new position in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth $106,658,000. Modern Wealth Management LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Value ETF in the 4th quarter valued at approximately $69,402,000. Strategic Financial Concepts LLC acquired a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at approximately $247,000. FMR LLC lifted its stake in iShares S&P Mid-Cap 400 Value ETF by 4.4% during the fourth quarter. FMR LLC now owns 3,366,491 shares of the company’s stock worth $420,677,000 after purchasing an additional 143,077 shares during the last quarter. Finally, Ameriprise Financial Inc. boosted its holdings in iShares S&P Mid-Cap 400 Value ETF by 7.6% in the fourth quarter. Ameriprise Financial Inc. now owns 987,732 shares of the company’s stock worth $123,442,000 after purchasing an additional 69,868 shares during the period.

iShares S&P Mid-Cap 400 Value ETF Company 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.