Gunma Bank Ltd. Has $6.49 Million Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Gunma Bank Ltd. raised its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 277.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 34,000 shares of the company’s stock after purchasing an additional 25,000 shares during the period. iShares S&P 500 Value ETF makes up 2.1% of Gunma Bank Ltd.’s portfolio, making the stock its 22nd biggest position. Gunma Bank Ltd.’s holdings in iShares S&P 500 Value ETF were worth $6,490,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its stake in iShares S&P 500 Value ETF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after acquiring an additional 76 shares in the last quarter. Northwest Investment Counselors LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth about $31,000. Valued Wealth Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth about $35,000. Perkins Coie Trust Co bought a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $35,000. Finally, Copley Financial Group Inc. acquired a new position in iShares S&P 500 Value ETF in the third quarter valued at about $36,000.

iShares S&P 500 Value ETF Trading Down 0.8 %

Shares of iShares S&P 500 Value ETF stock opened at $194.62 on Monday. The stock has a market capitalization of $34.87 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The firm’s 50-day moving average price is $195.01 and its two-hundred day moving average price is $195.20. 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 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.