iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 12-Month High – Here’s Why

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares hit a new 52-week high on Monday . The stock traded as high as $229.56 and last traded at $229.45, with a volume of 51967 shares traded. The stock had previously closed at $228.73.

iShares S&P 500 Value ETF Price Performance

The firm’s 50-day moving average is $222.71 and its two-hundred day moving average is $217.88. The company has a market cap of $50.67 billion, a P/E ratio of 20.70 and a beta of 0.82.

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

Large investors have recently bought and sold shares of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its stake in shares of iShares S&P 500 Value ETF by 96.6% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 223,947 shares of the company’s stock valued at $47,492,000 after purchasing an additional 110,058 shares during the last quarter. FLP Wealth Management LLC raised its holdings in iShares S&P 500 Value ETF by 1,182.9% during the fourth quarter. FLP Wealth Management LLC now owns 23,964 shares of the company’s stock worth $5,082,000 after purchasing an additional 22,096 shares during the last quarter. Centurion Wealth Management LLC raised its holdings in iShares S&P 500 Value ETF by 24.7% during the fourth quarter. Centurion Wealth Management LLC now owns 24,643 shares of the company’s stock worth $5,226,000 after purchasing an additional 4,876 shares during the last quarter. Cassilly Financial Group LLC acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth $2,294,000. Finally, Astoria Strategic Wealth Inc. raised its holdings in iShares S&P 500 Value ETF by 6.4% during the third quarter. Astoria Strategic Wealth Inc. now owns 73,162 shares of the company’s stock worth $15,109,000 after purchasing an additional 4,408 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.