iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 52-Week High – Still a Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $239.00 and last traded at $238.98, with a volume of 33859 shares traded. The stock had previously closed at $236.70.

iShares S&P 500 Value ETF Trading Up 1.3%

The stock has a market cap of $50.66 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The stock’s 50-day moving average price is $230.89 and its 200-day moving average price is $223.58.

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

A number of hedge funds have recently added to or reduced their stakes in IVE. Simplex Trading LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $25,000. United Services Automobile Association bought a new stake in iShares S&P 500 Value ETF during the second quarter worth $26,000. RMG Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 1st quarter worth $27,000. Finally, Palisade Asset Management LLC bought a new stake in iShares S&P 500 Value ETF in the third quarter worth about $29,000.

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. 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.