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

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $225.29 and last traded at $225.13, with a volume of 666338 shares. The stock had previously closed at $223.80.

iShares S&P 500 Value ETF Stock Performance

The firm has a fifty day simple moving average of $216.25 and a 200 day simple moving average of $214.47. The company has a market capitalization of $49.63 billion, a PE ratio of 20.70 and a beta of 0.83.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of IVE. Brighton Jones LLC increased its holdings 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 purchasing 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 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after acquiring an additional 447 shares during the period. Schnieders Capital Management LLC. purchased a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at $550,000. Russell Investments Group Ltd. increased its holdings in shares of iShares S&P 500 Value ETF by 28.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock valued at $416,000 after acquiring an additional 477 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of iShares S&P 500 Value ETF by 2.8% in the 2nd quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock valued at $5,184,000 after acquiring an additional 731 shares during the period.

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.