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

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 Stock Down 1.6 %

The business’s fifty day moving average is $125.29 and its two-hundred day moving average is $126.09. The stock has a market capitalization of $7.80 billion, a PE ratio of 16.55 and a beta of 1.18.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Wells Fargo & Company MN raised its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.4% in the fourth quarter. Wells Fargo & Company MN now owns 3,577,174 shares of the company’s stock valued at $447,004,000 after acquiring an additional 49,939 shares during the period. FMR LLC grew its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 4.4% during the fourth quarter. FMR LLC now owns 3,366,491 shares of the company’s stock valued at $420,677,000 after buying an additional 143,077 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of iShares S&P Mid-Cap 400 Value ETF by 1.6% during the 4th quarter. Bank of America Corp DE now owns 2,342,909 shares of the company’s stock worth $292,770,000 after acquiring an additional 35,971 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in iShares S&P Mid-Cap 400 Value ETF by 3.7% during the 4th quarter. Envestnet Asset Management Inc. now owns 1,862,735 shares of the company’s stock valued at $232,767,000 after acquiring an additional 67,236 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in iShares S&P Mid-Cap 400 Value ETF by 3.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,407,669 shares of the company’s stock valued at $175,902,000 after acquiring an additional 48,130 shares during the last quarter.

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.