iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 1-Year High – What’s Next?

iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high on Friday . The stock traded as high as $197.83 and last traded at $197.80, with a volume of 17276 shares traded. The stock had previously closed at $196.29.

iShares S&P 500 Value ETF Stock Up 1.1 %

The business’s fifty day simple moving average is $192.78 and its two-hundred day simple moving average is $186.60. The company has a market cap of $35.55 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its holdings in iShares S&P 500 Value ETF by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after acquiring an additional 861,704 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of iShares S&P 500 Value ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after buying an additional 420,007 shares in the last quarter. LPL Financial LLC grew its stake in iShares S&P 500 Value ETF by 4.9% in the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after acquiring an additional 200,427 shares during the last quarter. US Bancorp DE increased its holdings in iShares S&P 500 Value ETF by 9.9% during the 1st quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock valued at $287,516,000 after acquiring an additional 139,258 shares in the last quarter. Finally, CWM LLC raised its position in iShares S&P 500 Value ETF by 228.4% during the first quarter. CWM LLC now owns 1,496,348 shares of the company’s stock worth $279,533,000 after acquiring an additional 1,040,767 shares during 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.