iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 12-Month High – Here’s Why

Shares of iShares S&P 500 Value ETF (NYSEARCA:IVEGet Free Report) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $229.56 and last traded at $229.45, with a volume of 51967 shares. The stock had previously closed at $228.73.

iShares S&P 500 Value ETF Stock Up 0.3%

The firm has a fifty day moving average of $222.71 and a 200-day moving average of $217.88. The stock has a market capitalization of $50.67 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.

Hedge Funds Weigh In On iShares S&P 500 Value ETF

A number of institutional investors have recently made changes to their positions in IVE. Brighton Jones LLC raised its holdings in shares of iShares S&P 500 Value ETF by 0.8% in the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after acquiring an additional 112 shares during the last quarter. Great Lakes Advisors LLC raised its holdings in shares of iShares S&P 500 Value ETF by 6,385.7% in the first quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock worth $83,000 after acquiring an additional 447 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of iShares S&P 500 Value ETF in the second quarter worth $550,000. Russell Investments Group Ltd. raised its holdings in shares of iShares S&P 500 Value ETF by 28.8% in the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock worth $416,000 after acquiring an additional 477 shares during the last quarter. Finally, First Trust Advisors LP raised its holdings in shares of iShares S&P 500 Value ETF by 2.8% in the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock worth $5,184,000 after acquiring an additional 731 shares during the last quarter.

iShares S&P 500 Value ETF Company Profile

(Get Free Report)

iShares S&P 500 Value ETF (the Fund), formerly iShares S&P 500 Value Index Fund, is an exchange-traded fund (ETF). The Fund seeks investment results that correspond generally to the price and yield performance of the S&P 500 Value Index (the Index). The Index measures the performance of the large-capitalization value sector of the United States equity market and consists of those stocks in the S&P 500 exhibiting the strongest value characteristics. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.

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