iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 12-Month High – Still a Buy?

Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) reached a new 52-week high during trading on Thursday . The stock traded as high as $223.56 and last traded at $223.42, with a volume of 589423 shares changing hands. The stock had previously closed at $220.91.

iShares S&P 500 Value ETF Stock Performance

The firm’s 50-day moving average is $216.09 and its 200 day moving average is $214.08. The stock has a market cap of $49.35 billion, a PE ratio of 20.70 and a beta of 0.83.

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

A number of large investors have recently bought and sold shares of the company. Rockwood Wealth Management LLC raised its position in iShares S&P 500 Value ETF by 2.7% during the 1st quarter. Rockwood Wealth Management LLC now owns 1,785 shares of the company’s stock worth $377,000 after buying an additional 47 shares during the last quarter. REAP Financial Group LLC raised its position in 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 worth $112,000 after buying an additional 48 shares during the last quarter. Flagship Private Wealth LLC raised its position in iShares S&P 500 Value ETF by 1.1% during the 4th quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock worth $901,000 after buying an additional 48 shares during the last quarter. Patten & Patten Inc. TN raised its position in iShares S&P 500 Value ETF by 4.8% during the 4th quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock worth $222,000 after buying an additional 48 shares during the last quarter. Finally, Bernardo Wealth Planning LLC raised its position in iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock worth $2,014,000 after buying an additional 49 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.