iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Purchased by Magnolia Capital Management Ltd.

Magnolia Capital Management Ltd. increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,565 shares of the company’s stock after acquiring an additional 265 shares during the period. iShares S&P 500 Value ETF comprises 1.2% of Magnolia Capital Management Ltd.’s investment portfolio, making the stock its 17th biggest position. Magnolia Capital Management Ltd.’s holdings in iShares S&P 500 Value ETF were worth $1,492,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of IVE. JPMorgan Chase & Co. raised its position in shares of iShares S&P 500 Value ETF by 5.1% during the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after acquiring an additional 861,704 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of iShares S&P 500 Value ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after acquiring an additional 420,007 shares in the last quarter. LPL Financial LLC grew its stake in iShares S&P 500 Value ETF by 4.9% during the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock worth $775,111,000 after buying an additional 200,427 shares during the last quarter. US Bancorp DE grew its stake in iShares S&P 500 Value ETF by 9.9% during the 1st quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock worth $287,516,000 after buying an additional 139,258 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its stake in iShares S&P 500 Value ETF by 3.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock worth $259,313,000 after buying an additional 47,074 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE traded down $0.66 during trading on Tuesday, hitting $198.33. The stock had a trading volume of 148,143 shares, compared to its average volume of 683,507. iShares S&P 500 Value ETF has a twelve month low of $147.23 and a twelve month high of $201.08. The company’s 50-day moving average price is $194.90 and its 200 day moving average price is $187.36. The firm has a market capitalization of $35.53 billion, a P/E ratio of 23.79 and a beta of 0.81.

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.