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

Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high during trading on Wednesday . The company traded as high as $212.24 and last traded at $212.1380, with a volume of 43782 shares traded. The stock had previously closed at $211.21.

iShares S&P 500 Value ETF Price Performance

The stock has a market cap of $42.75 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The stock’s 50 day simple moving average is $206.79 and its two-hundred day simple moving average is $198.93.

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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. REAP Financial Group LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 9.7% during the 3rd quarter. REAP Financial Group LLC now owns 542 shares of the company’s stock valued at $112,000 after purchasing an additional 48 shares in the last quarter. Dumont & Blake Investment Advisors LLC lifted its stake in iShares S&P 500 Value ETF by 0.5% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 10,795 shares of the company’s stock valued at $2,229,000 after buying an additional 49 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 0.6% in the third quarter. Signal Advisors Wealth LLC now owns 9,010 shares of the company’s stock valued at $1,861,000 after buying an additional 51 shares during the period. Rossby Financial LCC increased its position in shares of iShares S&P 500 Value ETF by 7.5% during the third quarter. Rossby Financial LCC now owns 757 shares of the company’s stock worth $157,000 after acquiring an additional 53 shares in the last quarter. Finally, Graney & King LLC raised its holdings in shares of iShares S&P 500 Value ETF by 22.5% during the first quarter. Graney & King LLC now owns 316 shares of the company’s stock worth $60,000 after acquiring an additional 58 shares during the period.

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.