iShares S&P 500 Value ETF (NYSEARCA:IVE) Sets New 12-Month High – What’s Next?

Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high during trading on Tuesday . The stock traded as high as $234.17 and last traded at $234.11, with a volume of 27307 shares. The stock had previously closed at $232.39.

iShares S&P 500 Value ETF Trading Up 1.0%

The stock has a market cap of $49.65 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The company’s fifty day moving average is $228.30 and its two-hundred day moving average is $221.47.

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

Several hedge funds have recently bought and sold shares of the company. Rockwood Wealth Management LLC grew its position in iShares S&P 500 Value ETF by 2.7% in the 1st quarter. Rockwood Wealth Management LLC now owns 1,785 shares of the company’s stock valued at $377,000 after acquiring an additional 47 shares in the last quarter. Flagship Private Wealth LLC boosted its stake in shares of iShares S&P 500 Value ETF by 1.1% in the fourth quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock valued at $901,000 after purchasing an additional 48 shares during the period. Patten & Patten Inc. TN grew its holdings in shares of iShares S&P 500 Value ETF by 4.8% in the fourth quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock valued at $222,000 after purchasing an additional 48 shares in the last quarter. Bernardo Wealth Planning LLC increased its stake in iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock worth $2,014,000 after buying an additional 49 shares during the period. Finally, Stegner Investment Associates Inc. lifted its holdings in iShares S&P 500 Value ETF by 0.3% during the 4th quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock worth $3,457,000 after buying an additional 49 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.