iShares S&P 500 Value ETF (NYSEARCA:IVE) Sees Large Volume Increase – Time to Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares saw an uptick in trading volume on Tuesday . 1,913,577 shares changed hands during mid-day trading, an increase of 156% from the previous session’s volume of 746,436 shares.The stock last traded at $206.1210 and had previously closed at $207.38.

iShares S&P 500 Value ETF Trading Down 1.2%

The stock has a fifty day simple moving average of $207.01 and a two-hundred day simple moving average of $199.53. The company has a market cap of $41.45 billion, a PE ratio of 20.70 and a beta of 0.89.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of IVE. Flow Traders U.S. LLC acquired a new stake in iShares S&P 500 Value ETF during the 1st quarter worth approximately $7,724,000. Geneos Wealth Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 5.8% in the first quarter. Geneos Wealth Management Inc. now owns 45,091 shares of the company’s stock worth $8,627,000 after acquiring an additional 2,477 shares in the last quarter. LVZ Inc. increased its position in shares of iShares S&P 500 Value ETF by 2.0% during the second quarter. LVZ Inc. now owns 449,606 shares of the company’s stock worth $87,862,000 after acquiring an additional 8,641 shares during the period. SeaBridge Investment Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the second quarter valued at $1,290,000. Finally, Americana Partners LLC boosted its holdings in iShares S&P 500 Value ETF by 170.7% in the second quarter. Americana Partners LLC now owns 4,090 shares of the company’s stock valued at $799,000 after purchasing an additional 2,579 shares during the period.

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.