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

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

iShares S&P 500 Value ETF Stock Performance

The firm has a fifty day moving average of $225.92 and a two-hundred day moving average of $219.46. The company has a market cap of $48.32 billion, a PE ratio of 20.70 and a beta of 0.82.

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

Several large investors have recently modified their holdings of the business. WealthPoint Financial LLC lifted its stake in shares of iShares S&P 500 Value ETF by 2.0% during the 1st quarter. WealthPoint Financial LLC now owns 23,121 shares of the company’s stock valued at $4,882,000 after buying an additional 460 shares in the last quarter. Redwood Investment Management LLC grew its stake in iShares S&P 500 Value ETF by 40.2% in the 1st quarter. Redwood Investment Management LLC now owns 24,940 shares of the company’s stock valued at $5,266,000 after buying an additional 7,147 shares in the last quarter. Ballast Advisors LLC grew its stake in iShares S&P 500 Value ETF by 87.0% in the 1st quarter. Ballast Advisors LLC now owns 834 shares of the company’s stock valued at $176,000 after buying an additional 388 shares in the last quarter. Sapient Capital LLC grew its stake in iShares S&P 500 Value ETF by 0.8% in the 1st quarter. Sapient Capital LLC now owns 31,247 shares of the company’s stock valued at $6,598,000 after buying an additional 233 shares in the last quarter. Finally, Steelhead Wealth Management LLC bought a new stake in iShares S&P 500 Value ETF during the 1st quarter valued at $1,477,000.

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.