iShares S&P 500 Value ETF (NYSEARCA:IVE) Sees Strong Trading Volume – Here’s What Happened

iShares S&P 500 Value ETF (NYSEARCA:IVE) shares saw an uptick in trading volume on Thursday . 532,566 shares changed hands during trading, a decline of 19% from the previous session’s volume of 658,116 shares.The stock last traded at $191.85 and had previously closed at $190.88.

iShares S&P 500 Value ETF Stock Performance

The company has a 50-day moving average of $198.14 and a 200 day moving average of $193.35. The firm has a market cap of $34.30 billion, a P/E ratio of 23.79 and a beta of 0.81.

Institutional Investors Weigh In On iShares S&P 500 Value ETF

A number of hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC increased its holdings in shares of iShares S&P 500 Value ETF by 18,046.1% in the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock valued at $262,938,000 after purchasing an additional 1,326,211 shares in the last quarter. Sanctuary Advisors LLC bought a new position in iShares S&P 500 Value ETF in the 2nd quarter valued at $82,555,000. Envestnet Asset Management Inc. increased its stake in shares of iShares S&P 500 Value ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock valued at $2,253,356,000 after buying an additional 420,007 shares during the period. Liberty Wealth Management LLC raised its position in shares of iShares S&P 500 Value ETF by 618.4% during the second quarter. Liberty Wealth Management LLC now owns 411,954 shares of the company’s stock worth $74,980,000 after acquiring an additional 354,613 shares during the last quarter. Finally, Koss Olinger Consulting LLC acquired a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at $55,903,000.

iShares S&P 500 Value ETF Company Profile

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.