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 stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $232.30 and last traded at $232.22, with a volume of 96152 shares changing hands. The stock had previously closed at $230.25.

iShares S&P 500 Value ETF Stock Performance

The business has a 50-day simple moving average of $227.57 and a 200 day simple moving average of $220.70. The firm has a market cap of $48.88 billion, a P/E ratio of 20.70 and a beta of 0.82.

Hedge Funds Weigh In On iShares S&P 500 Value ETF

A number of hedge funds and other institutional investors have recently made changes to their positions in IVE. Simplex Trading LLC bought a new position in iShares S&P 500 Value ETF in the 4th quarter worth $25,000. Hilton Head Capital Partners LLC bought a new position in iShares S&P 500 Value ETF in the fourth quarter worth about $25,000. Decker Retirement Planning Inc. bought a new position in iShares S&P 500 Value ETF in the fourth quarter worth about $26,000. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF in the second quarter worth about $26,000. Finally, RMG Wealth Management LLC bought a new stake in iShares S&P 500 Value ETF during the 1st quarter valued at approximately $27,000.

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.