Seros Financial LLC Invests $8.90 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Seros Financial LLC purchased a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 48,872 shares of the company’s stock, valued at approximately $8,895,000. iShares S&P 500 Value ETF comprises approximately 8.0% of Seros Financial LLC’s portfolio, making the stock its 3rd biggest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVE. Stifel Financial Corp lifted its holdings in iShares S&P 500 Value ETF by 2.5% in the third quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after acquiring an additional 60,868 shares during the period. PNC Financial Services Group Inc. grew its holdings in iShares S&P 500 Value ETF by 7.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after acquiring an additional 139,651 shares in the last quarter. International Assets Investment Management LLC lifted its position in shares of iShares S&P 500 Value ETF by 18,046.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after buying an additional 1,326,211 shares during the last quarter. Huntington National Bank lifted its stake in iShares S&P 500 Value ETF by 6.9% in the third quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock valued at $206,225,000 after buying an additional 67,448 shares during the last quarter. Finally, Park Avenue Securities LLC increased its position in iShares S&P 500 Value ETF by 5.8% in the 4th quarter. Park Avenue Securities LLC now owns 947,689 shares of the company’s stock valued at $180,895,000 after acquiring an additional 51,773 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $196.52 on Friday. The company’s 50 day simple moving average is $196.53 and its 200 day simple moving average is $194.34. iShares S&P 500 Value ETF has a 12 month low of $172.85 and a 12 month high of $206.63. The company has a market capitalization of $35.21 billion, a P/E ratio of 23.79 and a beta of 0.81.

iShares S&P 500 Value ETF 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.