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

Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) saw unusually-high trading volume on Thursday . Approximately 532,566 shares traded hands during mid-day 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 business has a 50 day moving average price of $198.40 and a 200-day moving average price of $193.30. The company has a market capitalization of $34.24 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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

A number of large investors have recently bought and sold shares of the stock. NBC Securities Inc. grew its stake in shares of iShares S&P 500 Value ETF by 33.3% in the 3rd quarter. NBC Securities Inc. now owns 2,148 shares of the company’s stock valued at $423,000 after buying an additional 536 shares during the period. Ausdal Financial Partners Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 81.0% during the third quarter. Ausdal Financial Partners Inc. now owns 46,203 shares of the company’s stock valued at $9,110,000 after acquiring an additional 20,674 shares in the last quarter. Concourse Financial Group Securities Inc. raised its position in shares of iShares S&P 500 Value ETF by 7.0% during the third quarter. Concourse Financial Group Securities Inc. now owns 53,260 shares of the company’s stock worth $10,501,000 after purchasing an additional 3,500 shares during the period. Cornell Pochily Investment Advisors Inc. raised its position in shares of iShares S&P 500 Value ETF by 31.3% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 3,060 shares of the company’s stock worth $603,000 after purchasing an additional 730 shares during the period. Finally, High Falls Advisors Inc lifted its holdings in shares of iShares S&P 500 Value ETF by 3.1% in the 2nd quarter. High Falls Advisors Inc now owns 74,353 shares of the company’s stock worth $13,533,000 after purchasing an additional 2,223 shares in the last quarter.

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.