iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 1-Year High – Time to Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $225.37 and last traded at $225.37, with a volume of 36088 shares changing hands. The stock had previously closed at $224.64.

iShares S&P 500 Value ETF Price Performance

The firm has a market capitalization of $49.34 billion, a PE ratio of 20.70 and a beta of 0.83. The company’s fifty day simple moving average is $216.67 and its 200-day simple moving average is $215.21.

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

A number of hedge funds have recently modified their holdings of the business. Envestnet Asset Management Inc. raised its position in shares of iShares S&P 500 Value ETF by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock valued at $4,568,288,000 after buying an additional 1,137,886 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares S&P 500 Value ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after buying an additional 821,872 shares during the last quarter. Morgan Stanley raised its position in shares of iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after buying an additional 1,068,945 shares during the last quarter. Bank of America Corp DE raised its position in shares of iShares S&P 500 Value ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock valued at $1,734,056,000 after buying an additional 72,040 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock valued at $1,328,436,000 after buying an additional 120,153 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. 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.