iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 52-Week High – Time to Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares reached a new 52-week high during mid-day trading on Friday . The company traded as high as $206.60 and last traded at $206.60, with a volume of 153703 shares changing hands. The stock had previously closed at $205.50.

iShares S&P 500 Value ETF Stock Performance

The company has a market capitalization of $36.94 billion, a P/E ratio of 23.79 and a beta of 0.81. The company has a 50-day simple moving average of $198.77 and a 200 day simple moving average of $191.04.

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

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwest Investment Counselors LLC bought a new position in iShares S&P 500 Value ETF during the third quarter valued at about $31,000. Valued Wealth Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth approximately $35,000. Hobbs Group Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth approximately $40,000. Addison Advisors LLC increased its position in shares of iShares S&P 500 Value ETF by 50.0% during the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after purchasing an additional 93 shares during the period. Finally, Colony Family Offices LLC increased its position in shares of iShares S&P 500 Value ETF by 77.3% during the third quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock valued at $54,000 after purchasing an additional 119 shares during the period.

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.