iShares S&P 500 Value ETF (NYSEARCA:IVE) Sees Unusually-High Trading Volume – Should You Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares saw strong trading volume on Tuesday . 729,337 shares changed hands during trading, an increase of 19% from the previous session’s volume of 614,588 shares.The stock last traded at $192.10 and had previously closed at $191.82.

iShares S&P 500 Value ETF Stock Down 0.0 %

The stock has a market capitalization of $37.33 billion, a P/E ratio of 21.80 and a beta of 0.94. The company has a 50 day moving average of $194.28 and a 200-day moving average of $196.03.

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

Several institutional investors and hedge funds have recently bought and sold shares of the business. Envestnet Asset Management Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock valued at $2,564,620,000 after acquiring an additional 493,784 shares during the period. Bank of America Corp DE boosted its stake in iShares S&P 500 Value ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock valued at $1,555,395,000 after purchasing an additional 200,707 shares during the period. Stifel Financial Corp increased its stake in shares of iShares S&P 500 Value ETF by 3.5% in the fourth quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock valued at $491,832,000 after purchasing an additional 88,096 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,455,376 shares of the company’s stock valued at $468,171,000 after buying an additional 171,953 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after buying an additional 167,028 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.