iShares S&P 500 Value ETF (NYSEARCA:IVE) Reaches New 12-Month High – Here’s What Happened

On October 13, 2024, the iShares S&P 500 Value ETF (NYSEARCA:IVE) achieved a new 52-week high during market trading. The ETF's price peaked at $197.83 and was last traded at $197.80, with a trading volume of 17,276 shares. This marks an increase compared to the previous closing price of $196.29.

Performance of iShares S&P 500 Value ETF

The iShares S&P 500 Value ETF has shown a growth of 1.1%. It has a significant market capitalization of $35.55 billion, a price-to-earnings (PE) ratio of 23.79, and a beta of 0.81, indicating its volatility in comparison to the market. Additionally, the ETF’s fifty-day moving average price stands at $193.02, while its 200-day moving average price is $186.73.

Institutional Investor Activity

Recent data shows that various institutional investors have been active in trading shares of the iShares S&P 500 Value ETF. For instance, Cetera Investment Advisers has expanded its holdings by an impressive 905.6%, owning 1,410,516 shares now valued at approximately $263.5 million after acquiring an additional 1,270,256 shares in the first quarter. Similarly, Envestnet Portfolio Solutions Inc. has boosted its stake by 503.8%, with current holdings at 1,377,642 shares worth around $257.4 million after purchasing 1,149,497 shares during the same period. CWM LLC also increased its investment by 228.4%, bringing its total to 1,496,348 shares valued at approximately $279.5 million after an addition of 1,040,767 shares. Furthermore, JPMorgan Chase & Co. reported a 5.1% increase, holding 17,776,089 shares valued at $3.32 billion after acquiring 861,704 additional shares. Lastly, Park Avenue Securities LLC recorded an astonishing 1,337.4% growth in its holdings, now owning 902,534 shares valued at $168.6 million after purchasing 839,744 additional shares in the recent quarter.

iShares S&P 500 Value ETF Overview

The iShares S&P 500 Value ETF, formerly known as the iShares S&P 500 Value Index Fund, is designed to track the investment performance of the S&P 500 Value Index. This index evaluates the performance of large-cap value stocks within the U.S. equity market, focusing on those exhibiting strong value characteristics.

ETF, Stocks, High