iShares S&P 500 Value ETF (NYSEARCA:IVE) Sees Large Volume Increase – Still a Buy?
by Renee Jackson · The Cerbat GemiShares S&P 500 Value ETF (NYSEARCA:IVE – Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 2,242,358 shares were traded during trading, an increase of 120% from the previous session’s volume of 1,018,668 shares.The stock last traded at $227.91 and had previously closed at $227.99.
iShares S&P 500 Value ETF Stock Performance
The stock has a market cap of $50.39 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. The stock’s 50-day simple moving average is $218.58 and its two-hundred day simple moving average is $216.26.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of IVE. Envestnet Asset Management Inc. lifted its position in iShares S&P 500 Value ETF by 5.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock worth $4,568,288,000 after acquiring an additional 1,137,886 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its position in iShares S&P 500 Value ETF by 3,286.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after acquiring an additional 1,119,709 shares during the last quarter. Morgan Stanley lifted its position in iShares S&P 500 Value ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after acquiring an additional 1,068,945 shares during the last quarter. JPMorgan Chase & Co. lifted its position in iShares S&P 500 Value ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after acquiring an additional 821,872 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in iShares S&P 500 Value ETF by 47.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after acquiring an additional 816,767 shares during 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.