iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Acquired by EverSource Wealth Advisors LLC

EverSource Wealth Advisors LLC increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,305 shares of the company’s stock after purchasing an additional 104 shares during the period. EverSource Wealth Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $631,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVE. Raymond James Financial Inc. acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $311,273,000. USA Financial Formulas acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $77,191,000. Davis Selected Advisers grew its stake in shares of iShares S&P 500 Value ETF by 1,452.8% during the fourth quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock worth $37,637,000 after purchasing an additional 184,477 shares in the last quarter. PNC Financial Services Group Inc. grew 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 in the last quarter. Finally, Kovitz Investment Group Partners LLC grew its stake in shares of 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 purchasing an additional 136,769 shares in the last quarter.

iShares S&P 500 Value ETF Trading Down 0.8 %

Shares of IVE stock opened at $185.78 on Friday. The firm has a fifty day moving average price of $194.33 and a 200 day moving average price of $196.22. The company has a market cap of $36.09 billion, a P/E ratio of 22.06 and a beta of 0.94. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63.

About iShares S&P 500 Value ETF

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.