iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 1-Year High – What’s Next?

iShares S&P 500 Value ETF (NYSEARCA:IVE) reached a new 52-week high on Tuesday . The stock traded as high as $228.95 and last traded at $228.71, with a volume of 35778 shares trading hands. The stock had previously closed at $228.03.

iShares S&P 500 Value ETF Stock Performance

The firm has a market cap of $50.38 billion, a PE ratio of 20.70 and a beta of 0.83. The firm has a fifty day simple moving average of $217.96 and a two-hundred day simple moving average of $215.97.

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

Several institutional investors have recently modified their holdings of IVE. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its stake in shares of iShares S&P 500 Value ETF by 96.6% during the 4th quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 223,947 shares of the company’s stock worth $47,492,000 after acquiring an additional 110,058 shares during the last quarter. FLP Wealth Management LLC lifted its stake in shares of iShares S&P 500 Value ETF by 1,182.9% during the 4th quarter. FLP Wealth Management LLC now owns 23,964 shares of the company’s stock worth $5,082,000 after acquiring an additional 22,096 shares during the last quarter. Centurion Wealth Management LLC lifted its stake in shares of iShares S&P 500 Value ETF by 24.7% during the 4th quarter. Centurion Wealth Management LLC now owns 24,643 shares of the company’s stock worth $5,226,000 after acquiring an additional 4,876 shares during the last quarter. Cassilly Financial Group LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $2,294,000. Finally, EWA LLC raised its position in iShares S&P 500 Value ETF by 4.3% during the 3rd quarter. EWA LLC now owns 130,352 shares of the company’s stock valued at $26,919,000 after purchasing an additional 5,346 shares in 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.