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 strong trading volume on Monday . 338,280 shares changed hands 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 Trading Down 1.3 %

The firm has a market capitalization of $8.24 billion, a P/E ratio of 17.02 and a beta of 1.18. The business’s fifty day moving average is $126.85 and its 200 day moving average is $126.20.

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

Hedge funds and other institutional investors have recently modified their holdings of the stock. Orion Capital Management LLC acquired a new position in iShares S&P Mid-Cap 400 Value ETF in the fourth quarter valued at about $25,000. Palouse Capital Management Inc. bought a new position in shares of iShares S&P Mid-Cap 400 Value ETF in the fourth quarter valued at approximately $30,000. BankPlus Trust Department acquired a new position in shares of iShares S&P Mid-Cap 400 Value ETF in the 4th quarter worth approximately $31,000. Comprehensive Financial Planning Inc. PA bought a new stake in iShares S&P Mid-Cap 400 Value ETF during the 4th quarter worth approximately $36,000. Finally, RPg Family Wealth Advisory LLC acquired a new stake in iShares S&P Mid-Cap 400 Value ETF during the 3rd quarter valued at $37,000.

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.