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

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s share price hit a new 52-week high on Wednesday . The company traded as high as $239.00 and last traded at $238.98, with a volume of 33859 shares trading hands. The stock had previously closed at $236.70.

iShares S&P 500 Value ETF Stock Performance

The company has a market cap of $50.66 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The company has a fifty day moving average of $230.89 and a two-hundred day moving average of $223.58.

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

Several hedge funds have recently added to or reduced their stakes in the business. Cassaday & Co Wealth Management LLC grew its position in shares of iShares S&P 500 Value ETF by 3,286.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock valued at $244,681,000 after buying an additional 1,119,709 shares during the last quarter. Morgan Stanley increased its stake in shares of iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after buying an additional 1,068,945 shares during the period. JPMorgan Chase & Co. raised its position in shares of iShares S&P 500 Value ETF by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after acquiring an additional 821,872 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of iShares S&P 500 Value ETF by 47.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after acquiring an additional 816,767 shares during the last quarter. Finally, Focus Partners Wealth lifted its stake in shares of iShares S&P 500 Value ETF by 134.3% in the fourth quarter. Focus Partners Wealth now owns 1,225,078 shares of the company’s stock worth $259,801,000 after acquiring an additional 702,252 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. 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.