iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 12-Month High – Here’s Why

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

iShares S&P 500 Value ETF Stock Performance

The stock has a fifty day simple moving average of $214.56 and a two-hundred day simple moving average of $207.99. The stock has a market cap of $50.00 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in IVE. Catalyst Financial Partners LLC boosted its stake in shares of iShares S&P 500 Value ETF by 3.6% in the 4th quarter. Catalyst Financial Partners LLC now owns 3,898 shares of the company’s stock valued at $827,000 after purchasing an additional 136 shares in the last quarter. Strategic Family Wealth Counselors L.L.C. boosted its position in iShares S&P 500 Value ETF by 12.6% in the fourth quarter. Strategic Family Wealth Counselors L.L.C. now owns 5,244 shares of the company’s stock valued at $1,121,000 after buying an additional 587 shares in the last quarter. Bridgewealth Advisory Group LLC acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $203,000. Liberty Wealth Management LLC grew its stake in shares of iShares S&P 500 Value ETF by 3.0% during the fourth quarter. Liberty Wealth Management LLC now owns 108,331 shares of the company’s stock worth $22,953,000 after buying an additional 3,181 shares during the last quarter. Finally, Independent Advisor Alliance increased its holdings in shares of iShares S&P 500 Value ETF by 3.7% during the fourth quarter. Independent Advisor Alliance now owns 2,592 shares of the company’s stock worth $550,000 after buying an additional 92 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. 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.