Bank of New York Mellon Corp Sells 7,318 Shares of iShares S&P Mid-Cap 400 Value ETF $IJJ

Bank of New York Mellon Corp reduced its stake in shares of iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 1.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 407,817 shares of the company’s stock after selling 7,318 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares S&P Mid-Cap 400 Value ETF were worth $54,036,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Northwestern Mutual Wealth Management Co. grew its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 498.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,754,991 shares of the company’s stock worth $494,119,000 after purchasing an additional 3,127,303 shares during the last quarter. Bank of America Corp DE lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 0.8% during the 2nd quarter. Bank of America Corp DE now owns 2,392,099 shares of the company’s stock valued at $295,616,000 after purchasing an additional 19,672 shares during the last quarter. UBS Group AG lifted its holdings in iShares S&P Mid-Cap 400 Value ETF by 5.4% during the 3rd quarter. UBS Group AG now owns 2,154,324 shares of the company’s stock valued at $279,459,000 after purchasing an additional 110,590 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in iShares S&P Mid-Cap 400 Value ETF by 1.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,340,643 shares of the company’s stock valued at $176,415,000 after buying an additional 22,215 shares in the last quarter. Finally, D.A. Davidson & CO. boosted its position in iShares S&P Mid-Cap 400 Value ETF by 4.4% in the fourth quarter. D.A. Davidson & CO. now owns 1,053,108 shares of the company’s stock valued at $138,579,000 after buying an additional 44,836 shares in the last quarter. 66.95% of the stock is owned by institutional investors.

iShares S&P Mid-Cap 400 Value ETF Trading Down 0.7%

Shares of iShares S&P Mid-Cap 400 Value ETF stock opened at $146.75 on Friday. The stock has a market capitalization of $8.76 billion, a price-to-earnings ratio of 16.13 and a beta of 0.96. iShares S&P Mid-Cap 400 Value ETF has a 1-year low of $121.37 and a 1-year high of $149.77. The firm’s 50-day moving average price is $144.52 and its two-hundred day moving average price is $140.19.

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. The Fund invests in a representative sample of securities included in the Index that collectively has an investment profile similar to the Index.