iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 52-Week High – Here’s Why

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares hit a new 52-week high on Wednesday . The stock traded as high as $213.54 and last traded at $213.09, with a volume of 1546116 shares changing hands. The stock had previously closed at $211.10.

iShares S&P 500 Value ETF Trading Up 1.0%

The firm has a market cap of $43.48 billion, a P/E ratio of 20.70 and a beta of 0.89. The business’s fifty day simple moving average is $208.58 and its 200-day simple moving average is $201.78.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at approximately $26,000. Palisade Asset Management LLC bought a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $29,000. Harbor Asset Planning Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the 2nd quarter worth approximately $30,000. Center for Financial Planning Inc. bought a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter worth approximately $32,000. Finally, Flaharty Asset Management LLC bought a new position in shares of iShares S&P 500 Value ETF in the 1st quarter worth approximately $33,000.

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.