iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as $236.97 and last traded at $236.60, with a volume of 53193 shares changing hands. The stock had previously closed at $236.33.
iShares S&P 500 Value ETF Price Performance
The firm’s 50-day moving average price is $230.07 and its 200-day moving average price is $222.99. The company has a market cap of $50.01 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.
Institutional Trading of iShares S&P 500 Value ETF
A number of institutional investors have recently added to or reduced their stakes in IVE. Cassaday & Co Wealth Management LLC grew its position in iShares S&P 500 Value ETF by 3,286.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock valued at $244,681,000 after acquiring an additional 1,119,709 shares in the last quarter. Morgan Stanley boosted its stake in shares of iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after purchasing an additional 1,068,945 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of iShares S&P 500 Value ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after purchasing an additional 821,872 shares during the period. Envestnet Portfolio Solutions Inc. grew its holdings in iShares S&P 500 Value ETF by 47.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock valued at $538,709,000 after purchasing an additional 816,767 shares in the last quarter. Finally, CWM LLC grew its holdings in iShares S&P 500 Value ETF by 37.5% during the 4th quarter. CWM LLC now owns 2,579,248 shares of the company’s stock valued at $546,981,000 after purchasing an additional 702,987 shares in 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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