iShares S&P 500 Value ETF (NYSEARCA:IVE) Sees Strong Trading Volume – Still a Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares saw unusually-strong trading volume on Tuesday . Approximately 1,563,869 shares were traded during trading, an increase of 129% from the previous session’s volume of 683,346 shares.The stock last traded at $191.58 and had previously closed at $191.90.

iShares S&P 500 Value ETF Stock Down 0.3%

The firm has a market capitalization of $38.15 billion, a price-to-earnings ratio of 21.18 and a beta of 0.89. The company has a fifty day moving average price of $184.08 and a two-hundred day moving average price of $192.11.

Institutional Trading of iShares S&P 500 Value ETF

Several hedge funds have recently modified their holdings of the business. Pinney & Scofield Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $26,000. Cloud Capital Management LLC acquired a new stake in iShares S&P 500 Value ETF during the first quarter worth approximately $27,000. Kentucky Trust Co purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth approximately $29,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter worth approximately $29,000. Finally, Providence First Trust Co acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at $31,000.

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.