iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 52-Week High – Should You Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as $240.90 and last traded at $240.8190, with a volume of 67,887 shares traded. The stock had previously closed at $239.23.

iShares S&P 500 Value ETF Trading Up 0.6%

The company has a market cap of $50.97 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. The business has a fifty day moving average price of $234.61 and a two-hundred day moving average price of $225.90.

Institutional Trading of iShares S&P 500 Value ETF

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockwood Wealth Management LLC grew its stake in shares of 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 worth $377,000 after purchasing an additional 47 shares during the last quarter. Client 1ST Advisory Group LLC raised its stake in shares of iShares S&P 500 Value ETF by 1.5% during the 3rd quarter. Client 1ST Advisory Group LLC now owns 3,407 shares of the company’s stock worth $778,000 after purchasing an additional 50 shares in the last quarter. Wealthgarden F.S. LLC raised its stake in shares of iShares S&P 500 Value ETF by 0.9% in the 1st quarter. Wealthgarden F.S. LLC now owns 5,988 shares of the company’s stock valued at $1,264,000 after acquiring an additional 53 shares in the last quarter. CWA Asset Management Group LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 4.5% during the 3rd quarter. CWA Asset Management Group LLC now owns 1,229 shares of the company’s stock worth $280,000 after buying an additional 53 shares during the period. Finally, Evergreen Private Wealth LLC boosted its stake in iShares S&P 500 Value ETF by 1.8% during the 1st quarter. Evergreen Private Wealth LLC now owns 3,224 shares of the company’s stock valued at $681,000 after purchasing an additional 57 shares during the period.

iShares S&P 500 Value ETF Company Profile

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.