iShares S&P 500 Value ETF (NYSEARCA:IVE) Sees Unusually-High Trading Volume Following Dividend Announcement

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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.

Institutional investors and hedge funds have recently modified their holdings of the stock. First Trust Advisors LP increased its position in shares of iShares S&P 500 Value ETF by 53.0% in the 1st quarter. First Trust Advisors LP now owns 34,795 shares of the company’s stock valued at $3,923,000 after buying an additional 12,051 shares in the last quarter. UMA Financial Services Inc. bought a new position in shares of iShares S&P 500 Value ETF during the third quarter worth approximately $532,000. MV Capital Management Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 4.0% during the third quarter. MV Capital Management Inc. now owns 137,761 shares of the company’s stock worth $16,413,000 after purchasing an additional 5,362 shares during the period. Stifel Financial Corp increased its holdings in shares of iShares S&P 500 Value ETF by 16.5% during the third quarter. Stifel Financial Corp now owns 3,299,722 shares of the company’s stock worth $393,210,000 after purchasing an additional 468,425 shares during the period. Finally, Wealth & Pension Services Group Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 174.5% during the third quarter. Wealth & Pension Services Group Inc. now owns 5,627 shares of the company’s stock worth $670,000 after purchasing an additional 3,577 shares during the period.

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.

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