iShares S&P 500 Value ETF (NYSEARCA:IVE) Sees Large Volume Increase – What’s Next?

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares saw strong trading volume on Tuesday . 1,913,577 shares changed hands during mid-day trading, an increase of 156% from the previous session’s volume of 746,436 shares.The stock last traded at $206.1210 and had previously closed at $207.38.

iShares S&P 500 Value ETF Price Performance

The stock’s fifty day moving average is $206.88 and its two-hundred day moving average is $199.31. The stock has a market capitalization of $42.12 billion, a P/E ratio of 20.70 and a beta of 0.89.

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

Several institutional investors and hedge funds have recently bought and sold shares of IVE. Vertex Planning Partners LLC increased its stake in shares of iShares S&P 500 Value ETF by 3.2% in the third quarter. Vertex Planning Partners LLC now owns 41,412 shares of the company’s stock worth $8,552,000 after acquiring an additional 1,286 shares during the last quarter. Financial Engines Advisors L.L.C. grew its stake in iShares S&P 500 Value ETF by 0.3% in the 3rd quarter. Financial Engines Advisors L.L.C. now owns 238,227 shares of the company’s stock valued at $49,196,000 after buying an additional 666 shares during the last quarter. Palisade Asset Management LLC bought a new position in shares of iShares S&P 500 Value ETF in the third quarter worth about $29,000. Kestra Private Wealth Services LLC grew its position in iShares S&P 500 Value ETF by 5.0% in the 3rd quarter. Kestra Private Wealth Services LLC now owns 78,580 shares of the company’s stock worth $16,228,000 after purchasing an additional 3,735 shares during the last quarter. Finally, First Foundation Advisors increased its stake in iShares S&P 500 Value ETF by 24.4% during the third quarter. First Foundation Advisors now owns 17,094 shares of the company’s stock valued at $3,530,000 after acquiring an additional 3,354 shares during the period.

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.