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

iShares S&P 500 Value ETF (NYSEARCA:IVE) reached a new 52-week high during trading on Wednesday . The company traded as high as $201.21 and last traded at $201.02, with a volume of 14552 shares trading hands. The stock had previously closed at $196.35.

iShares S&P 500 Value ETF Price Performance

The company has a market capitalization of $36.04 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The business’s 50 day simple moving average is $196.11 and its 200 day simple moving average is $188.64.

Institutional Trading of iShares S&P 500 Value ETF

Several institutional investors and hedge funds have recently modified their holdings of the business. KCM Investment Advisors LLC increased its position in iShares S&P 500 Value ETF by 3.7% during the third quarter. KCM Investment Advisors LLC now owns 2,074 shares of the company’s stock worth $409,000 after purchasing an additional 74 shares during the last quarter. Neumann Capital Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth $2,052,000. OneDigital Investment Advisors LLC increased its position in shares of iShares S&P 500 Value ETF by 1.4% in the third quarter. OneDigital Investment Advisors LLC now owns 445,878 shares of the company’s stock worth $87,914,000 after acquiring an additional 6,301 shares in the last quarter. Lifeworks Advisors LLC grew its holdings in iShares S&P 500 Value ETF by 5.7% during the 3rd quarter. Lifeworks Advisors LLC now owns 2,330 shares of the company’s stock valued at $459,000 after purchasing an additional 125 shares in the last quarter. Finally, Curi RMB Capital LLC grew its holdings in iShares S&P 500 Value ETF by 66.1% during the 3rd quarter. Curi RMB Capital LLC now owns 6,014 shares of the company’s stock valued at $1,186,000 after purchasing an additional 2,393 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.