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

iShares S&P 500 Value ETF (NYSEARCA:IVE) reached a new 52-week high during trading on Thursday. The stock traded as high as $240.90 and last traded at $240.8190, with a volume of 67,887 shares traded. The stock had previously closed at $239.23.

iShares S&P 500 Value ETF Stock Performance

The stock has a market capitalization of $50.71 billion, a PE ratio of 20.70 and a beta of 0.83. The stock has a 50-day moving average price of $234.73 and a two-hundred day moving average price of $226.13.

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

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in iShares S&P 500 Value ETF by 2.0% in the 1st quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock worth $1,997,009,000 after buying an additional 182,358 shares during the last quarter. Lido Advisors LLC increased its stake in iShares S&P 500 Value ETF by 4.4% during the 1st quarter. Lido Advisors LLC now owns 1,944,079 shares of the company’s stock worth $410,493,000 after buying an additional 81,088 shares in the last quarter. Park Avenue Securities LLC raised its holdings in shares of iShares S&P 500 Value ETF by 0.3% during the third quarter. Park Avenue Securities LLC now owns 1,816,354 shares of the company’s stock valued at $414,637,000 after acquiring an additional 5,323 shares during the last quarter. Royal Bank of Canada raised its holdings in shares of iShares S&P 500 Value ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 1,396,602 shares of the company’s stock valued at $294,892,000 after acquiring an additional 48,869 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC raised its holdings in shares of iShares S&P 500 Value ETF by 3.8% during the first quarter. Cassaday & Co Wealth Management LLC now owns 1,197,963 shares of the company’s stock valued at $252,950,000 after acquiring an additional 44,187 shares during the last quarter.

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.