iShares S&P 500 Value ETF (NYSEARCA:IVE) Sees Strong Trading Volume – Here’s Why

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares saw unusually-high trading volume on Tuesday . Approximately 1,563,869 shares traded hands during mid-day 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 Performance

The company has a market cap of $38.15 billion, a price-to-earnings ratio of 21.18 and a beta of 0.89. The stock’s fifty day simple moving average is $184.08 and its two-hundred day simple moving average is $192.11.

Institutional Trading of iShares S&P 500 Value ETF

Several large investors have recently modified their holdings of the business. Envestnet Asset Management Inc. grew its position in shares of iShares S&P 500 Value ETF by 38.8% during the first quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock worth $3,553,106,000 after buying an additional 5,207,877 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares S&P 500 Value ETF by 5.5% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock valued at $3,387,781,000 after acquiring an additional 922,557 shares during the last quarter. Bank of America Corp DE raised its position in shares of iShares S&P 500 Value ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock valued at $1,555,395,000 after acquiring an additional 200,707 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of iShares S&P 500 Value ETF by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock valued at $493,603,000 after acquiring an additional 105,418 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in iShares S&P 500 Value ETF by 3.5% during the fourth quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock worth $491,832,000 after purchasing an additional 88,096 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.