iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 1-Year High – Here’s What Happened

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

iShares S&P 500 Value ETF Price Performance

The firm has a 50-day moving average of $228.64 and a 200 day moving average of $221.73. The stock has a market capitalization of $49.12 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.

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

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC lifted its stake in iShares S&P 500 Value ETF by 3,286.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock valued at $244,681,000 after acquiring an additional 1,119,709 shares during the last quarter. Morgan Stanley lifted its stake in iShares S&P 500 Value ETF by 7.5% in the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after purchasing an additional 1,068,945 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in iShares S&P 500 Value ETF by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after purchasing an additional 821,872 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in iShares S&P 500 Value ETF by 47.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after purchasing an additional 816,767 shares during the period. Finally, CWM LLC increased its position in iShares S&P 500 Value ETF by 37.5% during the fourth quarter. CWM LLC now owns 2,579,248 shares of the company’s stock worth $546,981,000 after buying an additional 702,987 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.