iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sees Large Volume Increase – Here’s Why

iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) shares saw strong trading volume on Monday . 338,280 shares were traded during 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 firm has a market capitalization of $8.14 billion, a price-to-earnings ratio of 17.02 and a beta of 1.18. The company has a 50-day moving average price of $126.76 and a 200-day moving average price of $126.20.

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

Several hedge funds have recently added to or reduced their stakes in IJJ. Kestra Private Wealth Services LLC increased its position in shares of iShares S&P Mid-Cap 400 Value ETF by 42.9% during the fourth quarter. Kestra Private Wealth Services LLC now owns 4,910 shares of the company’s stock worth $614,000 after purchasing an additional 1,473 shares in the last quarter. Strategic Financial Concepts LLC acquired a new position in iShares S&P Mid-Cap 400 Value ETF in the 4th quarter valued at about $247,000. JPMorgan Chase & Co. grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 18.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 391,172 shares of the company’s stock valued at $48,357,000 after purchasing an additional 60,576 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 611.1% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 4,032 shares of the company’s stock worth $504,000 after purchasing an additional 3,465 shares during the last quarter. Finally, Brookstone Capital Management lifted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 10.0% during the fourth quarter. Brookstone Capital Management now owns 2,051 shares of the company’s stock worth $256,000 after purchasing an additional 187 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.