iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 12-Month High – What’s Next?

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price reached a new 52-week high during trading on Friday . The stock traded as high as $206.60 and last traded at $206.60, with a volume of 153703 shares changing hands. The stock had previously closed at $205.50.

iShares S&P 500 Value ETF Stock Up 0.3 %

The stock’s 50 day moving average price is $198.77 and its two-hundred day moving average price is $191.04. The firm has a market capitalization of $36.94 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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

Large investors have recently made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in iShares S&P 500 Value ETF during the third quarter valued at approximately $31,000. Valued Wealth Advisors LLC acquired a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at $35,000. Hobbs Group Advisors LLC bought a new position in iShares S&P 500 Value ETF in the 3rd quarter worth $40,000. Colony Family Offices LLC lifted its position in iShares S&P 500 Value ETF by 77.3% during the 3rd quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock worth $54,000 after acquiring an additional 119 shares during the last quarter. Finally, Addison Advisors LLC boosted its holdings in iShares S&P 500 Value ETF by 50.0% during the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after acquiring an additional 93 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.