iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 1-Year High at $196.86

iShares S&P 500 Value ETF (NYSEARCA:IVE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $196.86 and last traded at $196.55, with a volume of 68050 shares trading hands. The stock had previously closed at $195.82.

iShares S&P 500 Value ETF Price Performance

The stock has a market capitalization of $35.07 billion, a P/E ratio of 23.79 and a beta of 0.81. The stock has a 50 day moving average price of $189.67 and a 200-day moving average price of $184.90.

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

Several institutional investors and hedge funds have recently bought and sold shares of IVE. Palisade Asset Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the first quarter valued at approximately $26,000. Vima LLC bought a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at $27,000. CarsonAllaria Wealth Management Ltd. boosted its position in iShares S&P 500 Value ETF by 289.5% during 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 bought a new stake in iShares S&P 500 Value ETF in the 1st quarter worth $29,000. Finally, Fortis Group Advisors LLC increased its position in shares of iShares S&P 500 Value ETF by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $35,000 after acquiring an additional 100 shares during the period.

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.