First Horizon Advisors Inc. Purchases 7,191 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

First Horizon Advisors Inc. increased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 12.2% in the 4th quarter, HoldingsChannel.com reports. The fund owned 66,361 shares of the company’s stock after buying an additional 7,191 shares during the period. First Horizon Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $12,667,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently modified their holdings of IVE. Pinnacle Financial Partners Inc boosted its position in iShares S&P 500 Value ETF by 1.0% in the fourth quarter. Pinnacle Financial Partners Inc now owns 46,213 shares of the company’s stock worth $8,853,000 after purchasing an additional 464 shares during the last quarter. Element Wealth LLC raised its stake in shares of iShares S&P 500 Value ETF by 10.4% during the 4th quarter. Element Wealth LLC now owns 2,291 shares of the company’s stock worth $437,000 after purchasing an additional 216 shares during the period. Bank of Stockton boosted its holdings in shares of iShares S&P 500 Value ETF by 3.5% in the 4th quarter. Bank of Stockton now owns 54,261 shares of the company’s stock worth $10,357,000 after buying an additional 1,854 shares during the last quarter. Lane & Associates LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 9.6% in the 4th quarter. Lane & Associates LLC now owns 14,116 shares of the company’s stock worth $2,769,000 after buying an additional 1,237 shares during the last quarter. Finally, Compass Capital Corp MA ADV bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at about $6,209,000.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $196.39 on Friday. The firm has a market cap of $35.82 billion, a price-to-earnings ratio of 22.47 and a beta of 0.95. iShares S&P 500 Value ETF has a 52 week low of $176.09 and a 52 week high of $206.63. The firm’s 50-day simple moving average is $194.14 and its two-hundred day simple moving average is $195.85.

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.