iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) Sees Strong Trading Volume – What’s Next?

Shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) saw unusually-high trading volume on Thursday . Approximately 153,539 shares traded 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 Price Performance

The firm has a market capitalization of $8.10 billion, a PE ratio of 14.35 and a beta of 1.08. The business has a 50-day simple moving average of $128.90 and a 200-day simple moving average of $122.59.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC raised its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 36.1% in the second quarter. Allspring Global Investments Holdings LLC now owns 547 shares of the company’s stock worth $62,000 after buying an additional 145 shares during the last quarter. Rothschild Investment LLC purchased a new stake in iShares S&P Mid-Cap 400 Value ETF in the 2nd quarter worth $107,000. Crestwood Advisors Group LLC raised its position in iShares S&P Mid-Cap 400 Value ETF by 25.2% during the second quarter. Crestwood Advisors Group LLC now owns 4,693 shares of the company’s stock worth $532,000 after acquiring an additional 944 shares during the period. National Bank of Canada FI lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 6.7% during the second quarter. National Bank of Canada FI now owns 1,824 shares of the company’s stock valued at $205,000 after purchasing an additional 114 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of iShares S&P Mid-Cap 400 Value ETF during the 2nd quarter worth about $1,217,000.

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.