iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 12-Month High – Should You Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVEGet Free Report)’s stock price hit a new 52-week high on Thursday . The company traded as high as $225.37 and last traded at $225.37, with a volume of 36088 shares traded. The stock had previously closed at $224.64.

iShares S&P 500 Value ETF Stock Up 0.3%

The business has a 50-day simple moving average of $216.52 and a two-hundred day simple moving average of $215.05. The stock has a market capitalization of $49.74 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83.

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

Several hedge funds have recently modified their holdings of the stock. Simplex Trading LLC acquired a new stake in iShares S&P 500 Value ETF during the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $26,000. United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF in the second quarter worth approximately $26,000. Finally, RMG Wealth Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the first quarter worth approximately $27,000.

About iShares S&P 500 Value ETF

(Get Free Report)

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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