iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 1-Year High – Here’s What Happened

Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) reached a new 52-week high during trading on Wednesday . The stock traded as high as $232.28 and last traded at $230.78, with a volume of 537659 shares changing hands. The stock had previously closed at $230.91.

iShares S&P 500 Value ETF Trading Up 0.4%

The stock has a market cap of $48.48 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The stock’s 50 day moving average is $226.69 and its two-hundred day moving average is $220.03.

Institutional Investors Weigh In On iShares S&P 500 Value ETF

A number of institutional investors and hedge funds have recently made changes to their positions in IVE. Rockwood Wealth Management LLC increased its position in iShares S&P 500 Value ETF by 2.7% in the 1st quarter. Rockwood Wealth Management LLC now owns 1,785 shares of the company’s stock valued at $377,000 after acquiring an additional 47 shares during the period. Flagship Private Wealth LLC lifted its position in iShares S&P 500 Value ETF by 1.1% during the 4th quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock worth $901,000 after acquiring an additional 48 shares during the period. Patten & Patten Inc. TN lifted its position in iShares S&P 500 Value ETF by 4.8% during the 4th quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock worth $222,000 after acquiring an additional 48 shares during the period. Bernardo Wealth Planning LLC grew its stake in shares of iShares S&P 500 Value ETF by 0.5% in the 4th quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock valued at $2,014,000 after purchasing an additional 49 shares during the last quarter. Finally, Stegner Investment Associates Inc. grew its stake in shares of iShares S&P 500 Value ETF by 0.3% in the 4th quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock valued at $3,457,000 after purchasing an additional 49 shares during the last quarter.

About iShares S&P 500 Value ETF

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.