iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 1-Year High at $197.42

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares hit a new 52-week high on Tuesday . The stock traded as high as $197.42 and last traded at $197.13, with a volume of 102090 shares changing hands. The stock had previously closed at $197.15.

iShares S&P 500 Value ETF Price Performance

The firm’s 50 day moving average price is $190.84 and its 200 day moving average price is $185.44. The stock has a market capitalization of $35.29 billion, a P/E ratio of 23.79 and a beta of 0.81.

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

Large investors have recently made changes to their positions in the business. TrinityPoint Wealth LLC boosted its stake in shares of iShares S&P 500 Value ETF by 40.4% during the 4th quarter. TrinityPoint Wealth LLC now owns 1,878 shares of the company’s stock valued at $327,000 after purchasing an additional 540 shares in the last quarter. Franklin Resources Inc. raised its holdings in iShares S&P 500 Value ETF by 17.2% in the fourth quarter. Franklin Resources Inc. now owns 34,672 shares of the company’s stock worth $6,029,000 after purchasing an additional 5,094 shares in the last quarter. EverSource Wealth Advisors LLC lifted its position in iShares S&P 500 Value ETF by 408.3% during the fourth quarter. EverSource Wealth Advisors LLC now owns 305 shares of the company’s stock valued at $53,000 after buying an additional 245 shares during the period. Evermay Wealth Management LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 23.2% during the 4th quarter. Evermay Wealth Management LLC now owns 1,690 shares of the company’s stock valued at $294,000 after buying an additional 318 shares in the last quarter. Finally, Alta Wealth Advisors LLC grew its position in shares of iShares S&P 500 Value ETF by 28.0% in the 4th quarter. Alta Wealth Advisors LLC now owns 10,101 shares of the company’s stock worth $1,756,000 after buying an additional 2,210 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.