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

Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high during mid-day trading on Friday . The company traded as high as $203.84 and last traded at $203.75, with a volume of 93034 shares. The stock had previously closed at $202.23.

iShares S&P 500 Value ETF Stock Performance

The firm has a market capitalization of $36.50 billion, a P/E ratio of 23.79 and a beta of 0.81. The business has a fifty day moving average of $198.01 and a 200-day moving average of $190.47.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Chesapeake Wealth Management grew its holdings in iShares S&P 500 Value ETF by 3.8% in the 3rd quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock worth $272,000 after buying an additional 50 shares in the last quarter. CGN Advisors LLC boosted its stake in iShares S&P 500 Value ETF by 3.0% during the 2nd quarter. CGN Advisors LLC now owns 1,860 shares of the company’s stock valued at $339,000 after purchasing an additional 55 shares in the last quarter. Capital Square LLC boosted its stake in iShares S&P 500 Value ETF by 1.3% during the 2nd quarter. Capital Square LLC now owns 4,339 shares of the company’s stock valued at $816,000 after purchasing an additional 55 shares in the last quarter. HighMark Wealth Management LLC boosted its stake in iShares S&P 500 Value ETF by 0.7% during the 2nd quarter. HighMark Wealth Management LLC now owns 8,208 shares of the company’s stock valued at $1,494,000 after purchasing an additional 56 shares in the last quarter. Finally, GDS Wealth Management boosted its stake in iShares S&P 500 Value ETF by 3.3% during the 3rd quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock valued at $348,000 after purchasing an additional 56 shares in the last quarter.

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.