iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 1-Year High – Still a Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $239.00 and last traded at $238.98, with a volume of 33859 shares. The stock had previously closed at $236.70.

iShares S&P 500 Value ETF Trading Down 1.0%

The business’s 50-day simple moving average is $231.34 and its two-hundred day simple moving average is $223.86. The company has a market capitalization of $49.90 billion, a PE ratio of 20.70 and a beta of 0.82.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. raised its position in shares of iShares S&P 500 Value ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after purchasing an additional 821,872 shares in the last quarter. Morgan Stanley grew its position in shares of iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after buying an additional 1,068,945 shares in the last quarter. Bank of America Corp DE grew its position in shares of iShares S&P 500 Value ETF by 2.0% during the first quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock worth $1,997,009,000 after buying an additional 182,358 shares in the last quarter. Wells Fargo & Company MN grew its position in shares of iShares S&P 500 Value ETF by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after buying an additional 120,153 shares in the last quarter. Finally, Cetera Investment Advisers increased its stake in shares of iShares S&P 500 Value ETF by 22.5% in the fourth quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock worth $723,154,000 after buying an additional 627,109 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.