Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) hit a new 52-week high on Friday . The stock traded as high as $127.62 and last traded at $127.55, with a volume of 21492 shares trading hands. The stock had previously closed at $126.25.
The firm has a 50 day moving average price of $124.63 and a two-hundred day moving average price of $118.36.
Institutional investors have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY lifted its position in shares of iShares S&P 500 Value ETF by 19.5% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 9,200 shares of the company’s stock worth $1,096,000 after purchasing an additional 1,500 shares during the period. Barclays PLC increased its position in shares of iShares S&P 500 Value ETF by 1.8% during the third quarter. Barclays PLC now owns 38,106 shares of the company’s stock worth $4,540,000 after buying an additional 668 shares during the period. Torch Wealth Management LLC raised its stake in iShares S&P 500 Value ETF by 3.1% during the third quarter. Torch Wealth Management LLC now owns 4,354 shares of the company’s stock worth $519,000 after buying an additional 129 shares during the last quarter. Charles Schwab Trust Co bought a new position in iShares S&P 500 Value ETF during the third quarter worth $245,000. Finally, Integrated Wealth Concepts LLC lifted its holdings in iShares S&P 500 Value ETF by 2.8% in the third quarter. Integrated Wealth Concepts LLC now owns 9,893 shares of the company’s stock valued at $1,179,000 after buying an additional 269 shares during the period.
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.
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