iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 1-Year High – What’s Next?

by · The Cerbat Gem

iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Free Report) hit a new 52-week high during trading on Friday . The company traded as high as $197.83 and last traded at $197.80, with a volume of 17276 shares. The stock had previously closed at $196.29.

iShares S&P 500 Value ETF Trading Up 1.1 %

The business has a 50 day simple moving average of $192.78 and a two-hundred day simple moving average of $186.60. The company has a market cap of $35.55 billion, a PE ratio of 23.79 and a beta of 0.81.

Institutional Trading of iShares S&P 500 Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IVE. Palisade Asset Management LLC acquired a new position in shares of iShares S&P 500 Value ETF in the 1st quarter worth approximately $26,000. Vima LLC bought a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $27,000. CarsonAllaria Wealth Management Ltd. boosted its holdings in shares of iShares S&P 500 Value ETF by 289.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock valued at $28,000 after buying an additional 110 shares during the period. Northwest Investment Counselors LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 1st quarter valued at about $29,000. Finally, Fortis Group Advisors LLC raised its stake in iShares S&P 500 Value ETF by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $35,000 after acquiring an additional 100 shares during the period.

iShares S&P 500 Value ETF Company Profile

(Get Free Report)

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.

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