Modern Wealth Management LLC Purchases New Shares in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ)

Modern Wealth Management LLC acquired a new position in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 543,096 shares of the company’s stock, valued at approximately $69,402,000. iShares S&P Mid-Cap 400 Value ETF accounts for about 2.4% of Modern Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Modern Wealth Management LLC owned about 0.84% of iShares S&P Mid-Cap 400 Value ETF at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IJJ. Palouse Capital Management Inc. purchased a new stake in iShares S&P Mid-Cap 400 Value ETF in the 4th quarter worth $30,000. BankPlus Trust Department purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $31,000. Comprehensive Financial Planning Inc. PA purchased a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the fourth quarter worth about $36,000. RPg Family Wealth Advisory LLC acquired a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the 3rd quarter worth about $37,000. Finally, Golden State Wealth Management LLC purchased a new position in iShares S&P Mid-Cap 400 Value ETF in the 4th quarter valued at about $37,000.

iShares S&P Mid-Cap 400 Value ETF Trading Up 2.0 %

NYSEARCA:IJJ opened at $122.48 on Tuesday. The stock has a 50 day moving average of $125.84 and a two-hundred day moving average of $126.12. 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 firm has a market cap of $8.01 billion, a P/E ratio of 16.55 and a beta of 1.18.

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.