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

iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $203.84 and last traded at $203.75, with a volume of 93034 shares changing hands. The stock had previously closed at $202.23.

iShares S&P 500 Value ETF Stock Performance

The business has a 50 day simple moving average of $198.01 and a 200-day simple moving average of $190.47. The stock has a market capitalization of $36.50 billion, a P/E ratio of 23.79 and a beta of 0.81.

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

Large investors have recently modified their holdings of the stock. Sutton Place Investors LLC boosted its stake in shares of iShares S&P 500 Value ETF by 9.3% during the 2nd quarter. Sutton Place Investors LLC now owns 5,704 shares of the company’s stock worth $1,038,000 after acquiring an additional 483 shares in the last quarter. NBC Securities Inc. boosted its stake in shares of iShares S&P 500 Value ETF by 33.3% during the 3rd quarter. NBC Securities Inc. now owns 2,148 shares of the company’s stock worth $423,000 after acquiring an additional 536 shares in the last quarter. Financial Partners Group Inc boosted its stake in shares of iShares S&P 500 Value ETF by 2.7% during the 2nd quarter. Financial Partners Group Inc now owns 2,784 shares of the company’s stock worth $507,000 after acquiring an additional 74 shares in the last quarter. Ausdal Financial Partners Inc. boosted its stake in shares of iShares S&P 500 Value ETF by 81.0% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 46,203 shares of the company’s stock worth $9,110,000 after acquiring an additional 20,674 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. boosted its stake in shares of iShares S&P 500 Value ETF by 7.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 53,260 shares of the company’s stock worth $10,501,000 after acquiring an additional 3,500 shares in the last quarter.

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.