iShares S&P 500 Value ETF (NYSEARCA:IVE) Sees Unusually-High Trading Volume – Should You Buy?

iShares S&P 500 Value ETF (NYSEARCA:IVEGet Free Report) shares saw unusually-high trading volume on Tuesday . Approximately 729,337 shares traded hands during trading, an increase of 19% from the previous session’s volume of 614,588 shares.The stock last traded at $192.10 and had previously closed at $191.82.

iShares S&P 500 Value ETF Stock Performance

The company has a market capitalization of $37.31 billion, a PE ratio of 21.80 and a beta of 0.94. The stock’s 50-day simple moving average is $194.28 and its 200 day simple moving average is $196.01.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Pinney & Scofield Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. grew its stake in iShares S&P 500 Value ETF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after buying an additional 76 shares during the last quarter. Kentucky Trust Co acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth approximately $29,000. Providence First Trust Co acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $31,000. Finally, Centricity Wealth Management LLC purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth approximately $34,000.

About iShares S&P 500 Value ETF

(Get Free Report)

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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