Pinnacle Financial Partners Inc Boosts Holdings in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)

Pinnacle Financial Partners Inc increased its holdings in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 21.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,703 shares of the company’s stock after purchasing an additional 5,494 shares during the period. Pinnacle Financial Partners Inc’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $3,837,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Palouse Capital Management Inc. purchased a new position in shares of iShares S&P Mid-Cap 400 Value ETF in the fourth quarter valued at $30,000. Comprehensive Financial Planning Inc. PA bought a new position in iShares S&P Mid-Cap 400 Value ETF during the fourth quarter valued at $36,000. RPg Family Wealth Advisory LLC bought a new position in iShares S&P Mid-Cap 400 Value ETF during the third quarter valued at $37,000. Golden State Wealth Management LLC bought a new position in iShares S&P Mid-Cap 400 Value ETF during the fourth quarter valued at $37,000. Finally, Register Financial Advisors LLC purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the 4th quarter valued at about $45,000.

iShares S&P Mid-Cap 400 Value ETF Trading Down 1.7 %

Shares of NYSEARCA:IJJ opened at $125.50 on Friday. The company has a market cap of $8.11 billion, a price-to-earnings ratio of 14.35 and a beta of 1.08. iShares S&P Mid-Cap 400 Value ETF has a 12 month low of $109.12 and a 12 month high of $136.42. The company has a 50-day moving average price of $127.25 and a 200 day moving average price of $125.70.

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.