iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 1-Year High – Should You Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price hit a new 52-week high on Thursday . The company traded as high as $230.14 and last traded at $229.93, with a volume of 58637 shares changing hands. The stock had previously closed at $227.78.

iShares S&P 500 Value ETF Stock Performance

The stock has a market capitalization of $48.19 billion, a P/E ratio of 20.70 and a beta of 0.82. The stock has a 50-day simple moving average of $225.51 and a 200 day simple moving average of $219.27.

Institutional Trading of iShares S&P 500 Value ETF

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Rockwood Wealth Management LLC boosted its stake in shares of iShares S&P 500 Value ETF by 2.7% in the 1st quarter. Rockwood Wealth Management LLC now owns 1,785 shares of the company’s stock valued at $377,000 after purchasing an additional 47 shares during the last quarter. Flagship Private Wealth LLC grew its position in shares of iShares S&P 500 Value ETF by 1.1% during the 4th quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock worth $901,000 after buying an additional 48 shares during the period. Patten & Patten Inc. TN raised its stake in shares of iShares S&P 500 Value ETF by 4.8% during the fourth quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock worth $222,000 after buying an additional 48 shares during the last quarter. Bernardo Wealth Planning LLC lifted its holdings in iShares S&P 500 Value ETF by 0.5% in the fourth quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock valued at $2,014,000 after buying an additional 49 shares during the period. Finally, Stegner Investment Associates Inc. lifted its holdings in iShares S&P 500 Value ETF by 0.3% in the fourth quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock valued at $3,457,000 after buying an additional 49 shares during the period.

About iShares S&P 500 Value ETF

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.