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

Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) hit 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 trading hands. The stock had previously closed at $230.91.

iShares S&P 500 Value ETF Price Performance

The business has a fifty day simple moving average of $226.32 and a two-hundred day simple moving average of $219.78. The company has a market cap of $48.66 billion, a PE ratio of 20.70 and a beta of 0.82.

Institutional Investors Weigh In On iShares S&P 500 Value ETF

A number of institutional investors have recently added to or reduced their stakes in the stock. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors grew its position in shares of iShares S&P 500 Value ETF by 96.6% in the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 223,947 shares of the company’s stock worth $47,492,000 after buying an additional 110,058 shares during the last quarter. FLP Wealth Management LLC increased its position in shares of iShares S&P 500 Value ETF by 1,182.9% during the fourth quarter. FLP Wealth Management LLC now owns 23,964 shares of the company’s stock worth $5,082,000 after purchasing an additional 22,096 shares in the last quarter. Centurion Wealth Management LLC increased its position in shares of iShares S&P 500 Value ETF by 24.7% during the fourth quarter. Centurion Wealth Management LLC now owns 24,643 shares of the company’s stock worth $5,226,000 after purchasing an additional 4,876 shares in the last quarter. Ausdal Financial Partners Inc. lifted its holdings in shares of 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 valued at $11,879,000 after purchasing an additional 3,328 shares during the last quarter. Finally, Cassilly Financial Group LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth $2,294,000.

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.