Advisor Resource Council acquired a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) during the third quarter, HoldingsChannel reports. The fund acquired 2,080 shares of the company’s stock, valued at approximately $410,000.
Other large investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its stake in 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 during the period. Envestnet Asset Management Inc. lifted its position in iShares S&P 500 Value ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after purchasing an additional 420,007 shares during the period. LPL Financial LLC increased its holdings in iShares S&P 500 Value ETF by 4.9% in the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after buying an additional 200,427 shares during the period. US Bancorp DE increased its holdings in iShares S&P 500 Value ETF by 9.9% in the 1st quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock valued at $287,516,000 after buying an additional 139,258 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its holdings in shares of 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 acquiring an additional 47,074 shares during the period.
iShares S&P 500 Value ETF Price Performance
Shares of NYSEARCA:IVE opened at $200.60 on Friday. The company’s 50 day simple moving average is $196.26 and its 200 day simple moving average is $188.73. iShares S&P 500 Value ETF has a 1 year low of $155.79 and a 1 year high of $201.52. The stock has a market capitalization of $35.94 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.
iShares S&P 500 Value ETF Company 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.
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