First Merchants Corp Sells 9,271 Shares of iShares S&P Mid-Cap 400 Value ETF $IJJ

First Merchants Corp trimmed its stake in iShares S&P Mid-Cap 400 Value ETF (NYSEARCA:IJJ) by 8.0% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 105,963 shares of the company’s stock after selling 9,271 shares during the period. First Merchants Corp owned about 0.17% of iShares S&P Mid-Cap 400 Value ETF worth $13,746,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the stock. Balance Wealth LLC bought a new stake in shares of iShares S&P Mid-Cap 400 Value ETF during the third quarter valued at approximately $32,584,000. World Investment Advisors increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 4,526.6% during the 3rd quarter. World Investment Advisors now owns 215,044 shares of the company’s stock worth $27,896,000 after purchasing an additional 210,396 shares during the period. Laurel Wealth Advisors LLC increased its holdings in iShares S&P Mid-Cap 400 Value ETF by 12,258.0% during the 2nd quarter. Laurel Wealth Advisors LLC now owns 179,686 shares of the company’s stock worth $22,206,000 after purchasing an additional 178,232 shares during the period. Cullen Frost Bankers Inc. raised its position in iShares S&P Mid-Cap 400 Value ETF by 12.2% during the 2nd quarter. Cullen Frost Bankers Inc. now owns 831,931 shares of the company’s stock valued at $102,810,000 after purchasing an additional 90,152 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of iShares S&P Mid-Cap 400 Value ETF by 17.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 479,986 shares of the company’s stock worth $59,317,000 after buying an additional 69,696 shares during the period. 66.95% of the stock is owned by hedge funds and other institutional investors.

iShares S&P Mid-Cap 400 Value ETF Trading Up 1.1%

IJJ opened at $136.44 on Wednesday. The company has a market capitalization of $8.25 billion, a price-to-earnings ratio of 16.13 and a beta of 1.05. iShares S&P Mid-Cap 400 Value ETF has a 12-month low of $102.24 and a 12-month high of $136.65. The business’s fifty day simple moving average is $130.81 and its 200-day simple moving average is $129.04.

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.