iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Free Report) hit a new 52-week high on Thursday . The stock traded as high as $232.30 and last traded at $232.22, with a volume of 96152 shares traded. The stock had previously closed at $230.25.
iShares S&P 500 Value ETF Trading Up 0.7%
The firm has a market capitalization of $48.98 billion, a P/E ratio of 20.70 and a beta of 0.82. The firm has a 50 day moving average price of $227.26 and a 200-day moving average price of $220.50.
Institutional Trading of iShares S&P 500 Value ETF
A number of institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its holdings in shares of iShares S&P 500 Value ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after acquiring an additional 821,872 shares during the last quarter. Morgan Stanley raised its position in iShares S&P 500 Value ETF by 7.5% in the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after purchasing an additional 1,068,945 shares during the period. Bank of America Corp DE raised its position 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 purchasing an additional 182,358 shares during the period. Wells Fargo & Company MN lifted its stake in iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after purchasing an additional 120,153 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in iShares S&P 500 Value ETF by 22.5% in the fourth quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock worth $723,154,000 after purchasing an additional 627,109 shares during the last quarter.
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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