iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 1-Year High – Still a Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price hit a new 52-week high during trading on Friday . The stock traded as high as $203.84 and last traded at $203.75, with a volume of 93034 shares trading hands. The stock had previously closed at $202.23.

iShares S&P 500 Value ETF Price Performance

The firm has a fifty day moving average of $197.82 and a two-hundred day moving average of $190.26. The stock has a market capitalization of $36.48 billion, a P/E ratio of 23.79 and a beta of 0.81.

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

Institutional investors have recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its position in iShares S&P 500 Value ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock valued at $2,253,356,000 after buying an additional 420,007 shares in the last quarter. LPL Financial LLC grew its holdings in iShares S&P 500 Value ETF by 4.9% during the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock worth $775,111,000 after acquiring an additional 200,427 shares during the period. Stifel Financial Corp increased its holdings in shares of iShares S&P 500 Value ETF by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after purchasing an additional 60,868 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 7.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after purchasing an additional 139,651 shares during the period. Finally, Envestnet Portfolio Solutions Inc. boosted its holdings in iShares S&P 500 Value ETF by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock worth $259,313,000 after buying an additional 47,074 shares in the last quarter.

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.