iShares S&P 500 Value ETF (NYSEARCA:IVE) saw strong trading volume on Wednesday following a dividend announcement from the company. 13,796,235 shares were traded during mid-day trading, an increase of 773% from the previous session’s volume of 1,580,157 shares.The stock last traded at $92.24 and had previously closed at $91.01.
The newly announced dividend which will be paid on Tuesday, March 31st. Stockholders of record on Thursday, March 26th will be paid a $0.8217 dividend. The ex-dividend date of this dividend is Wednesday, March 25th. This is a positive change from iShares S&P 500 Value ETF’s previous quarterly dividend of $0.74. This represents a $3.29 dividend on an annualized basis and a dividend yield of 3.56%.
The business has a 50 day moving average price of $116.66 and a 200 day moving average price of $122.85.
iShares S&P 500 Value ETF Company Profile (NYSEARCA:IVE)
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.
Featured Article: Moving Average – How it Helps Investors in Stock Selection
Receive News & Ratings for iShares S&P 500 Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares S&P 500 Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.