Stratos Wealth Advisors Cuts Stake in iShares S&P Mid-Cap 400 Value ETF

Stratos Wealth Advisors LLC has reduced its position in the iShares S&P Mid-Cap 400 Value ETF (NYSEARCA: IJJ) by 1.6% during the second quarter of 2023. According to a recent filing with the Securities and Exchange Commission, the firm now holds 15,339 shares after selling 244 shares during this period. The remaining shares are valued at approximately $1,896,000.

Several other institutional investors and hedge funds have also adjusted their stakes in the iShares S&P Mid-Cap 400 Value ETF, reflecting a dynamic investment landscape. For instance, Avantax Advisory Services Inc. increased its holdings by 7.1% in the first quarter, acquiring an additional 1,451 shares, bringing its total to 21,869 shares valued at $2,618,000.

Neumann Capital Management LLC also expanded its investment, boosting its stake by 1.4% in the second quarter. This adjustment resulted in ownership of 27,110 shares worth $3,350,000. Other notable movements include Kingswood Wealth Advisors LLC, which increased its holdings by an impressive 40.7% in the first quarter, now owning 2,404 shares valued at $288,000.

New investments have also been notable, with Advisors Capital Management LLC purchasing a stake worth approximately $313,000 during the first quarter. Additionally, Hsbc Holdings PLC entered the market with a new stake valued at around $334,000.

Market Performance and Analysis

As of the latest trading session, the iShares S&P Mid-Cap 400 Value ETF opened at $128.19. The fund has experienced a 1-year low of $102.24 and a high of $136.42. With a market capitalization of $7.83 billion, the ETF also features a price-to-earnings (PE) ratio of 16.13 and a beta of 1.17, indicating its volatility relative to the broader market.

The fund’s 50-day simple moving average stands at $129.42, while its 200-day moving average is $123.28. Such metrics are critical for investors looking to gauge the ETF’s performance and volatility.

About the iShares S&P Mid-Cap 400 Value ETF

The iShares S&P Mid-Cap 400 Value ETF, previously known as the iShares S&P MidCap 400 Value Index Fund, aims to replicate the performance of the S&P MidCap 400 Value Index. This index tracks the mid-capitalization value sector of the United States equity market, focusing on stocks that demonstrate robust value characteristics.

For those interested in further insights regarding institutional holdings and trading activity related to the iShares S&P Mid-Cap 400 Value ETF, resources like HoldingsChannel.com offer comprehensive data, including the latest 13F filings and insider trades.

Stratos Wealth Advisors LLC’s decision to adjust its stake highlights the ongoing shifts within institutional investment strategies, as firms seek to optimize their portfolios in a fluctuating market environment.