Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 1,477,044 shares traded hands during mid-day trading, an increase of 143% from the previous session’s volume of 607,686 shares.The stock last traded at $196.55 and had previously closed at $195.49.
iShares S&P 500 Value ETF Stock Down 0.5 %
The stock has a market capitalization of $35.49 billion, a P/E ratio of 22.47 and a beta of 0.95. The firm has a 50-day moving average of $194.28 and a 200 day moving average of $196.09.
Institutional Investors Weigh In On iShares S&P 500 Value ETF
Several large investors have recently made changes to their positions in IVE. LexAurum Advisors LLC grew its holdings in shares of iShares S&P 500 Value ETF by 47.2% during the fourth quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock worth $734,000 after purchasing an additional 1,233 shares during the last quarter. Financial Synergies Wealth Advisors Inc. grew its holdings in iShares S&P 500 Value ETF by 0.6% during the 4th quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock worth $5,480,000 after acquiring an additional 160 shares during the last quarter. DAVENPORT & Co LLC increased its position in iShares S&P 500 Value ETF by 10.9% in the 4th quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock valued at $722,000 after acquiring an additional 372 shares in the last quarter. Equitable Trust Co. bought a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $5,806,000. Finally, Empowered Funds LLC acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth approximately $133,000.
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.
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