iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 52-Week High – Here’s Why

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $236.97 and last traded at $236.60, with a volume of 53193 shares trading hands. The stock had previously closed at $236.33.

iShares S&P 500 Value ETF Stock Up 0.0%

The business’s fifty day simple moving average is $229.71 and its two-hundred day simple moving average is $222.72. The company has a market cap of $49.96 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of IVE. Simplex Trading LLC acquired a new position in iShares S&P 500 Value ETF in the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $26,000. United Services Automobile Association purchased a new stake in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at about $26,000. Finally, RMG Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter valued at about $27,000.

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. 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.