iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 52-Week High – Should You Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE)’s stock price 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. The stock had previously closed at $205.50.

iShares S&P 500 Value ETF Stock Up 0.3 %

The stock has a market capitalization of $36.94 billion, a P/E ratio of 23.79 and a beta of 0.81. The firm’s 50-day simple moving average is $198.97 and its 200 day simple moving average is $191.23.

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

Large investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC lifted its stake in shares of iShares S&P 500 Value ETF by 663.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,328 shares of the company’s stock valued at $416,000 after buying an additional 2,023 shares during the period. GAMMA Investing LLC lifted its position in shares of iShares S&P 500 Value ETF by 112.5% in the 2nd quarter. GAMMA Investing LLC now owns 2,508 shares of the company’s stock worth $456,000 after acquiring an additional 1,328 shares during the period. BancFirst Trust & Investment Management acquired a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter worth approximately $302,000. Dentgroup LLC increased its position in shares of iShares S&P 500 Value ETF by 418.7% during the second quarter. Dentgroup LLC now owns 23,195 shares of the company’s stock valued at $4,222,000 after purchasing an additional 18,723 shares during the period. Finally, Quent Capital LLC raised its stake in shares of iShares S&P 500 Value ETF by 2.2% in the second quarter. Quent Capital LLC now owns 2,931 shares of the company’s stock valued at $533,000 after purchasing an additional 63 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.