Keystone Financial Services Takes $9.56 Million Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Keystone Financial Services acquired a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 51,177 shares of the company’s stock, valued at approximately $9,560,000. iShares S&P 500 Value ETF comprises approximately 4.2% of Keystone Financial Services’ investment portfolio, making the stock its 6th biggest position.

Several other institutional investors have also recently modified their holdings of the company. Palisade Asset Management LLC bought a new position in iShares S&P 500 Value ETF during the 1st quarter worth approximately $26,000. Vima LLC bought a new position in iShares S&P 500 Value ETF during the 4th quarter worth approximately $27,000. CarsonAllaria Wealth Management Ltd. grew its position in shares of iShares S&P 500 Value ETF by 289.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock worth $28,000 after buying an additional 110 shares during the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter worth approximately $29,000. Finally, Wetzel Investment Advisors Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth approximately $35,000.

iShares S&P 500 Value ETF Trading Down 1.4 %

Shares of IVE stock traded down $2.62 during trading hours on Friday, reaching $186.65. The company’s stock had a trading volume of 984,447 shares, compared to its average volume of 768,872. The stock has a market capitalization of $33.44 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a one year low of $147.23 and a one year high of $191.93. The firm’s fifty day simple moving average is $184.22 and its 200 day simple moving average is $181.54.

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.