Interchange Capital Partners LLC Boosts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Interchange Capital Partners LLC increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.4% in the 4th quarter, HoldingsChannel reports. The firm owned 7,634 shares of the company’s stock after purchasing an additional 322 shares during the period. Interchange Capital Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $1,457,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $311,273,000. USA Financial Formulas purchased a new position in iShares S&P 500 Value ETF during the 4th quarter worth $77,191,000. Davis Selected Advisers increased its position in iShares S&P 500 Value ETF by 1,452.8% in the 4th quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock valued at $37,637,000 after acquiring an additional 184,477 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of iShares S&P 500 Value ETF by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock worth $408,993,000 after purchasing an additional 167,028 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in shares of iShares S&P 500 Value ETF by 28.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock worth $120,955,000 after acquiring an additional 136,769 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.1 %

Shares of IVE opened at $189.82 on Monday. iShares S&P 500 Value ETF has a twelve month low of $176.09 and a twelve month high of $206.63. The firm has a market capitalization of $36.87 billion, a PE ratio of 22.06 and a beta of 0.94. The stock’s 50 day moving average is $194.23 and its two-hundred day moving average is $196.04.

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.