iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 52-Week High at $197.42

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as $197.42 and last traded at $197.13, with a volume of 102090 shares. The stock had previously closed at $197.15.

iShares S&P 500 Value ETF Stock Performance

The stock has a market cap of $35.29 billion, a PE ratio of 23.79 and a beta of 0.81. The firm has a 50-day moving average price of $190.84 and a 200-day moving average price of $185.44.

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

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its stake in shares of iShares S&P 500 Value ETF by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after buying an additional 861,704 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock valued at $2,253,356,000 after purchasing an additional 420,007 shares during the period. LPL Financial LLC increased its position in shares of iShares S&P 500 Value ETF by 4.9% during the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after purchasing an additional 200,427 shares during the last quarter. Stifel Financial Corp lifted its stake in shares of iShares S&P 500 Value ETF by 1.2% in the 4th quarter. Stifel Financial Corp now owns 2,195,335 shares of the company’s stock worth $381,746,000 after purchasing an additional 25,246 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of iShares S&P 500 Value ETF by 9.9% in the first quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock worth $287,516,000 after buying an additional 139,258 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.