iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $225.90 and last traded at $225.43, with a volume of 210422 shares. The stock had previously closed at $224.46.
iShares S&P 500 Value ETF Stock Up 0.9%
The stock has a market capitalization of $50.40 billion, a PE ratio of 20.70 and a beta of 0.83. The firm has a 50 day moving average price of $217.37 and a 200-day moving average price of $215.69.
Institutional Inflows and Outflows
Institutional investors have recently modified their holdings of the company. Montchanin Asset Management LLC purchased a new position in iShares S&P 500 Value ETF during the first quarter valued at approximately $313,000. TrueWealth Financial Partners purchased a new position in iShares S&P 500 Value ETF during the first quarter valued at approximately $244,000. Western Wealth Management LLC raised its position in iShares S&P 500 Value ETF by 12.8% during the first quarter. Western Wealth Management LLC now owns 18,389 shares of the company’s stock valued at $3,883,000 after acquiring an additional 2,091 shares in the last quarter. Bank of America Corp DE raised its position in iShares S&P 500 Value ETF by 2.0% during the first quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock valued at $1,997,009,000 after acquiring an additional 182,358 shares in the last quarter. Finally, Strategic Investment Advisors MI purchased a new position in iShares S&P 500 Value ETF during the first quarter valued at approximately $102,000.
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. 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.
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