iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 52-Week High – What’s Next?

iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high on Thursday . The stock traded as high as $232.30 and last traded at $232.22, with a volume of 96152 shares. The stock had previously closed at $230.25.

iShares S&P 500 Value ETF Stock Performance

The stock has a fifty day moving average of $227.26 and a 200-day moving average of $220.50. The company has a market cap of $48.98 billion, a PE ratio of 20.70 and a beta of 0.82.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rockwood Wealth Management LLC grew its holdings in iShares S&P 500 Value ETF by 2.7% during the first quarter. Rockwood Wealth Management LLC now owns 1,785 shares of the company’s stock worth $377,000 after acquiring an additional 47 shares during the period. Patten & Patten Inc. TN lifted its holdings in iShares S&P 500 Value ETF by 4.8% in the fourth quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock valued at $222,000 after acquiring an additional 48 shares during the period. Flagship Private Wealth LLC boosted its position in shares of iShares S&P 500 Value ETF by 1.1% during the 4th quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock worth $901,000 after purchasing an additional 48 shares in the last quarter. Bernardo Wealth Planning LLC grew its stake in shares of iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock worth $2,014,000 after purchasing an additional 49 shares during the period. Finally, Stegner Investment Associates Inc. grew its stake in shares of iShares S&P 500 Value ETF by 0.3% during the 4th quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock worth $3,457,000 after purchasing an additional 49 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.