iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 52-Week High – Here’s What Happened

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $232.28 and last traded at $230.78, with a volume of 537659 shares. The stock had previously closed at $230.91.

iShares S&P 500 Value ETF Stock Performance

The company has a market capitalization of $48.66 billion, a P/E ratio of 20.70 and a beta of 0.82. The firm’s fifty day moving average is $226.32 and its 200 day moving average is $219.78.

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

Large investors have recently bought and sold shares of the business. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors increased its stake in shares of iShares S&P 500 Value ETF by 96.6% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 223,947 shares of the company’s stock valued at $47,492,000 after buying an additional 110,058 shares during the period. FLP Wealth Management LLC lifted its stake in iShares S&P 500 Value ETF by 1,182.9% in the fourth quarter. FLP Wealth Management LLC now owns 23,964 shares of the company’s stock worth $5,082,000 after acquiring an additional 22,096 shares during the period. Centurion Wealth Management LLC grew its holdings in iShares S&P 500 Value ETF by 24.7% during the 4th quarter. Centurion Wealth Management LLC now owns 24,643 shares of the company’s stock worth $5,226,000 after acquiring an additional 4,876 shares in the last quarter. Ausdal Financial Partners Inc. grew its holdings in iShares S&P 500 Value ETF by 6.1% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 57,523 shares of the company’s stock worth $11,879,000 after acquiring an additional 3,328 shares in the last quarter. Finally, Cassilly Financial Group LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $2,294,000.

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.