iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sees Strong Trading Volume – Should You Buy?

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) saw an uptick in trading volume on Thursday . 1,312,863 shares were traded during 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 Price Performance

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kestra Private Wealth Services LLC raised its position in iShares S&P Mid-Cap 400 Value ETF by 42.9% in the 4th quarter. Kestra Private Wealth Services LLC now owns 4,910 shares of the company’s stock valued at $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 fourth quarter valued at $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 increased its stake in iShares S&P Mid-Cap 400 Value ETF by 611.1% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 4,032 shares of the company’s stock valued at $504,000 after buying an additional 3,465 shares during the period. Finally, Brookstone Capital Management increased its stake 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 acquiring an additional 187 shares during the period.

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.