iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 1-Year High – Still a Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares reached a new 52-week high during trading on Tuesday . The stock traded as high as $236.97 and last traded at $236.60, with a volume of 53193 shares traded. The stock had previously closed at $236.33.

iShares S&P 500 Value ETF Price Performance

The company has a market cap of $49.96 billion, a PE ratio of 20.70 and a beta of 0.82. The stock has a 50 day simple moving average of $229.71 and a two-hundred day simple moving average of $222.72.

Institutional Trading of iShares S&P 500 Value ETF

Institutional investors and hedge funds have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in iShares S&P 500 Value ETF by 0.8% during the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after acquiring an additional 112 shares during the period. Great Lakes Advisors LLC increased its holdings in shares of iShares S&P 500 Value ETF by 6,385.7% in the first quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after purchasing an additional 447 shares during the period. Schnieders Capital Management LLC. acquired a new position in shares of iShares S&P 500 Value ETF in the second quarter valued at approximately $550,000. Russell Investments Group Ltd. raised its stake in shares of iShares S&P 500 Value ETF by 28.8% during the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock worth $416,000 after purchasing an additional 477 shares during the last quarter. Finally, First Trust Advisors LP raised its stake in shares of iShares S&P 500 Value ETF by 2.8% during the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock worth $5,184,000 after purchasing an additional 731 shares during 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. 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.