iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 52-Week High – Time to Buy?

Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) reached a new 52-week high on Monday . The company traded as high as $218.64 and last traded at $218.9750, with a volume of 204402 shares changing hands. The stock had previously closed at $217.24.

iShares S&P 500 Value ETF Price Performance

The firm’s fifty day moving average is $213.92 and its two-hundred day moving average is $207.59. The firm has a market capitalization of $49.57 billion, a PE ratio of 20.70 and a beta of 0.89.

Institutional Trading of iShares S&P 500 Value ETF

Large investors have recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 5.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock valued at $4,568,288,000 after buying an additional 1,137,886 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in iShares S&P 500 Value ETF by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 17,895,697 shares of the company’s stock valued at $3,497,177,000 after buying an additional 119,534 shares during the period. Bank of America Corp DE grew its position in iShares S&P 500 Value ETF by 0.9% during the third quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock worth $1,734,056,000 after buying an additional 72,040 shares in the last quarter. UBS Group AG increased its stake in iShares S&P 500 Value ETF by 1.0% in the 3rd quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock worth $744,423,000 after acquiring an additional 37,372 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in iShares S&P 500 Value ETF by 19.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock worth $591,818,000 after acquiring an additional 484,782 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.