Financial Life Planners Purchases New Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Financial Life Planners purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 4th quarter, HoldingsChannel.com reports. The firm purchased 647 shares of the company’s stock, valued at approximately $123,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVE. International Assets Investment Management LLC lifted its stake in 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 purchasing an additional 1,326,211 shares in the last quarter. USA Financial Formulas purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth $77,191,000. PNC Financial Services Group Inc. boosted its stake in iShares S&P 500 Value ETF by 7.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after buying an additional 139,651 shares during the period. Kovitz Investment Group Partners LLC grew its position in iShares S&P 500 Value ETF by 28.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock worth $120,955,000 after buying an additional 136,769 shares in the last quarter. Finally, World Investment Advisors LLC grew its holdings in shares of iShares S&P 500 Value ETF by 1,511.5% during the third quarter. World Investment Advisors LLC now owns 112,303 shares of the company’s stock worth $22,220,000 after purchasing an additional 105,334 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of iShares S&P 500 Value ETF stock opened at $196.17 on Monday. The company has a 50 day simple moving average of $196.00 and a two-hundred day simple moving average of $194.97. The firm has a market cap of $35.14 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1 year low of $173.01 and a 1 year high of $206.63.

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.