iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 12-Month High – Still a Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE) reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $225.90 and last traded at $225.43, with a volume of 210422 shares trading hands. The stock had previously closed at $224.46.

iShares S&P 500 Value ETF Price Performance

The stock has a market capitalization of $49.83 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. The stock’s 50 day simple moving average is $216.97 and its 200-day simple moving average is $215.45.

Institutional Trading of iShares S&P 500 Value ETF

Institutional investors have recently added to or reduced their stakes in the business. Simplex Trading LLC acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $25,000. RMG Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the first quarter worth $27,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth $26,000. Finally, United Services Automobile Association acquired a new stake in shares of iShares S&P 500 Value ETF in the second quarter worth $26,000.

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.