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

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) saw an uptick in trading volume on Thursday . 153,539 shares changed hands during mid-day trading, an increase of 3% from the previous session’s volume of 149,172 shares.The stock last traded at $125.36 and had previously closed at $124.96.

iShares S&P Mid-Cap 400 Value ETF Stock Performance

The stock has a market cap of $8.11 billion, a price-to-earnings ratio of 14.35 and a beta of 1.08. The company has a 50-day simple moving average of $128.94 and a two-hundred day simple moving average of $122.69.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Farther Finance Advisors LLC lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 11.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,116 shares of the company’s stock valued at $138,000 after purchasing an additional 111 shares during the last quarter. LPL Financial LLC lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 3.5% during the 2nd quarter. LPL Financial LLC now owns 608,769 shares of the company’s stock worth $69,071,000 after buying an additional 20,348 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 94.3% during the 3rd quarter. GAMMA Investing LLC now owns 338 shares of the company’s stock worth $42,000 after buying an additional 164 shares during the period. Chris Bulman Inc acquired a new position in iShares S&P Mid-Cap 400 Value ETF in the 2nd quarter valued at about $70,000. Finally, International Assets Investment Management LLC raised its holdings in iShares S&P Mid-Cap 400 Value ETF by 12,420.2% in the 3rd quarter. International Assets Investment Management LLC now owns 237,634 shares of the company’s stock valued at $29,376,000 after acquiring an additional 235,736 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.