iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 52-Week High – Still a Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price reached a new 52-week high during trading on Wednesday. The stock traded as high as $242.25 and last traded at $241.9740, with a volume of 217,937 shares changing hands. The stock had previously closed at $238.33.

iShares S&P 500 Value ETF Stock Performance

The stock has a 50-day simple moving average of $234.89 and a 200 day simple moving average of $226.57. The company has a market cap of $50.09 billion, a P/E ratio of 22.47 and a beta of 0.82.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. RMG Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the 1st quarter worth approximately $27,000. Curry Webb Wealth Management LLC bought a new position in iShares S&P 500 Value ETF in the third quarter valued at approximately $28,000. Next Level Wealth Planning LLC acquired a new position in iShares S&P 500 Value ETF during the third quarter valued at approximately $34,000. First Bancorp Inc ME acquired a new position in iShares S&P 500 Value ETF during the second quarter valued at approximately $45,000. Finally, William Mack & Associates Inc. acquired a new position in iShares S&P 500 Value ETF during the third quarter valued at approximately $53,000.

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.