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

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s stock price hit a new 52-week high during mid-day trading on Thursday . The company traded as high as $218.05 and last traded at $217.6680, with a volume of 19883 shares trading hands. The stock had previously closed at $217.38.

iShares S&P 500 Value ETF Trading Up 0.4%

The company has a market cap of $49.50 billion, a PE ratio of 20.70 and a beta of 0.89. The firm’s fifty day moving average is $211.84 and its 200 day moving average is $205.91.

Institutional Trading of iShares S&P 500 Value ETF

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Brighton Jones LLC raised its holdings in shares of iShares S&P 500 Value ETF by 0.8% during the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after acquiring an additional 112 shares during the last quarter. Great Lakes Advisors LLC increased its position in shares of iShares S&P 500 Value ETF by 6,385.7% during the first quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock worth $83,000 after purchasing an additional 447 shares in the last quarter. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of iShares S&P 500 Value ETF by 363.2% during the second quarter. Thurston Springer Miller Herd & Titak Inc. now owns 616 shares of the company’s stock worth $120,000 after purchasing an additional 483 shares in the last quarter. Fiduciary Alliance LLC raised its stake in iShares S&P 500 Value ETF by 28.1% in the 2nd quarter. Fiduciary Alliance LLC now owns 6,368 shares of the company’s stock valued at $1,244,000 after purchasing an additional 1,396 shares during the last quarter. Finally, Catalyst Private Wealth LLC raised its stake in iShares S&P 500 Value ETF by 4.0% in the 2nd quarter. Catalyst Private Wealth LLC now owns 7,074 shares of the company’s stock valued at $1,382,000 after purchasing an additional 275 shares during the last quarter.

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. 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.