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

iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $235.18 and last traded at $235.18, with a volume of 295936 shares trading hands. The stock had previously closed at $233.09.

iShares S&P 500 Value ETF Trading Down 0.3%

The company has a market cap of $49.57 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The firm has a 50-day moving average price of $229.23 and a 200 day moving average price of $222.30.

Institutional Trading of iShares S&P 500 Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of IVE. Brighton Jones LLC lifted its holdings 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 worth $2,679,000 after acquiring an additional 112 shares during the last quarter. Great Lakes Advisors LLC raised 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 period. Schnieders Capital Management LLC. acquired a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter worth approximately $550,000. Russell Investments Group Ltd. lifted 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 worth $416,000 after purchasing an additional 477 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in iShares S&P 500 Value ETF by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock valued at $5,184,000 after purchasing an additional 731 shares during the period.

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.