Family Firm Inc. Increases Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Family Firm Inc. raised its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.5% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,464 shares of the company’s stock after acquiring an additional 57 shares during the period. Family Firm Inc.’s holdings in iShares S&P 500 Value ETF were worth $1,998,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth $311,273,000. USA Financial Formulas bought a new stake in iShares S&P 500 Value ETF in the fourth quarter worth $77,191,000. Davis Selected Advisers raised its position in shares of iShares S&P 500 Value ETF by 1,452.8% during the 4th quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock valued at $37,637,000 after buying an additional 184,477 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 8.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after purchasing an additional 167,028 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in iShares S&P 500 Value ETF by 28.7% in 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 during the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $188.81 on Friday. The stock has a market cap of $36.68 billion, a price-to-earnings ratio of 22.06 and a beta of 0.94. iShares S&P 500 Value ETF has a one year low of $176.09 and a one year high of $206.63. The stock’s 50 day moving average price is $194.27 and its 200-day moving average price is $196.19.

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.