iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 52-Week High – Still a Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $229.56 and last traded at $229.45, with a volume of 51967 shares trading hands. The stock had previously closed at $228.73.

iShares S&P 500 Value ETF Stock Performance

The firm has a market cap of $50.56 billion, a P/E ratio of 20.70 and a beta of 0.82. The company’s 50 day moving average is $223.39 and its 200 day moving average is $218.14.

Hedge Funds Weigh In On iShares S&P 500 Value ETF

Several institutional investors and hedge funds have recently added to or reduced their stakes in IVE. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors lifted its holdings in shares of iShares S&P 500 Value ETF by 96.6% during the fourth 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 purchasing an additional 110,058 shares during the period. FLP Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 1,182.9% during the fourth quarter. FLP Wealth Management LLC now owns 23,964 shares of the company’s stock worth $5,082,000 after purchasing an additional 22,096 shares during the period. Centurion Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 24.7% during the fourth quarter. Centurion Wealth Management LLC now owns 24,643 shares of the company’s stock worth $5,226,000 after purchasing an additional 4,876 shares during the period. Cassilly Financial Group LLC acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $2,294,000. Finally, Astoria Strategic Wealth Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 6.4% during the third quarter. Astoria Strategic Wealth Inc. now owns 73,162 shares of the company’s stock worth $15,109,000 after purchasing an additional 4,408 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.