iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 12-Month High – What’s Next?

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares reached a new 52-week high on Wednesday . The stock traded as high as $201.21 and last traded at $201.02, with a volume of 14552 shares traded. The stock had previously closed at $196.35.

iShares S&P 500 Value ETF Trading Up 2.5 %

The firm’s 50-day moving average is $196.11 and its two-hundred day moving average is $188.64. The stock has a market cap of $36.04 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

Hedge Funds Weigh In On iShares S&P 500 Value ETF

Hedge funds have recently made changes to their positions in the stock. CarsonAllaria Wealth Management Ltd. boosted its position in iShares S&P 500 Value ETF by 289.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock valued at $28,000 after buying an additional 110 shares during the period. Northwest Investment Counselors LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth $31,000. Valued Wealth Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth $35,000. Addison Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 50.0% during the 2nd quarter. Addison Advisors LLC now owns 279 shares of the company’s stock worth $51,000 after purchasing an additional 93 shares during the last quarter. Finally, TruNorth Capital Management LLC purchased a new stake in iShares S&P 500 Value ETF in the second quarter valued at $65,000.

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.