iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 12-Month High – What’s Next?

iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high during trading on Tuesday . The company traded as high as $234.17 and last traded at $234.11, with a volume of 27307 shares traded. The stock had previously closed at $232.39.

iShares S&P 500 Value ETF Stock Performance

The stock has a market cap of $49.65 billion, a PE ratio of 20.70 and a beta of 0.82. The company has a 50 day moving average of $228.30 and a two-hundred day moving average of $221.47.

Institutional Trading of iShares S&P 500 Value ETF

Several large investors have recently bought and sold shares of IVE. Brighton Jones LLC raised its position in iShares S&P 500 Value ETF by 0.8% in the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after purchasing an additional 112 shares during the period. Great Lakes Advisors LLC increased its position in shares of iShares S&P 500 Value ETF by 6,385.7% during the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock worth $83,000 after purchasing an additional 447 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at about $550,000. Russell Investments Group Ltd. lifted its position in iShares S&P 500 Value ETF by 28.8% in the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock valued at $416,000 after buying an additional 477 shares during the last quarter. Finally, First Trust Advisors LP lifted its position in iShares S&P 500 Value ETF by 2.8% in the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock valued at $5,184,000 after buying an additional 731 shares during the last quarter.

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. 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.