(JKI) iShares Morningstar Mid-Cap - Ratings and Ratios

The iShares Morningstar Mid-Cap Value ETF (NASDAQ:JKI) is designed to mirror the performance of the Morningstar US Mid Cap Broad Value Index, which comprises mid-cap US stocks exhibiting distinct value characteristics. By investing at least 90% of its assets in the underlying indexs securities or representative depositary receipts, the fund aims to replicate the indexs returns.

The Morningstar US Mid Cap Broad Value Index is constructed using a proprietary methodology that identifies mid-cap companies with value traits. This index provides a benchmark for the funds performance, allowing investors to tap into the mid-cap value segment of the US equity market.

Analyzing the funds characteristics, we can infer that it is well-suited for investors seeking exposure to mid-cap value stocks in the US market. With a focus on value investing, the fund is likely to hold stocks with relatively low price-to-earnings ratios, high dividend yields, or other characteristics that indicate undervaluation.

Using the available and , we can forecast the funds potential performance. Given the current price of $74.24, the SMA20 at $74.21, and the SMA50 at $72.56, we can infer a potential upward trend. If the fund continues to track the underlying index, we can expect the price to potentially break through the 52-week high of $81.02, driven by the underlying value characteristics of the constituent stocks. Conversely, a decline below the SMA50 could signal a correction. With an AUM of $704.31M USD, the fund has a substantial asset base, which can help to reduce tracking errors and enhance liquidity.

Based on the technical indicators, a potential trading strategy could involve buying the fund on a pullback to the SMA50 ($72.56) and holding it until it reaches the 52-week high ($81.02), with a stop-loss below the 52-week low ($65.10). This strategy would require continuous monitoring of the funds price action and adjustments to the stop-loss as needed.