iShares S&P 500 Value ETF (NYSEARCA:IVE) Hits New 12-Month High – Still a Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $225.29 and last traded at $225.13, with a volume of 666338 shares. The stock had previously closed at $223.80.

iShares S&P 500 Value ETF Price Performance

The firm has a market capitalization of $49.52 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. The business’s fifty day simple moving average is $216.30 and its 200 day simple moving average is $214.60.

Institutional Trading of iShares S&P 500 Value ETF

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IVE. Simplex Trading LLC acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth $25,000. Decker Retirement Planning Inc. bought a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth $26,000. United Services Automobile Association acquired a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at $26,000. Finally, Palisade Asset Management LLC acquired a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at $29,000.

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.