Brown Brothers Harriman & Co. Grows Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Brown Brothers Harriman & Co. increased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 23.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 12,609 shares of the company’s stock after acquiring an additional 2,426 shares during the period. Brown Brothers Harriman & Co.’s holdings in iShares S&P 500 Value ETF were worth $2,486,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Boston Family Office LLC raised its stake in shares of iShares S&P 500 Value ETF by 2.0% in the 3rd quarter. Boston Family Office LLC now owns 5,743 shares of the company’s stock valued at $1,132,000 after acquiring an additional 111 shares during the period. Bank of Hawaii increased its holdings in iShares S&P 500 Value ETF by 1.7% in the 3rd quarter. Bank of Hawaii now owns 13,831 shares of the company’s stock valued at $2,727,000 after purchasing an additional 237 shares during the last quarter. Cahill Financial Advisors Inc. raised its position in iShares S&P 500 Value ETF by 1.1% in the third quarter. Cahill Financial Advisors Inc. now owns 149,313 shares of the company’s stock valued at $29,440,000 after purchasing an additional 1,657 shares during the period. Centaurus Financial Inc. lifted its stake in iShares S&P 500 Value ETF by 137.6% during the third quarter. Centaurus Financial Inc. now owns 7,534 shares of the company’s stock worth $1,486,000 after purchasing an additional 4,363 shares in the last quarter. Finally, Wescott Financial Advisory Group LLC boosted its position in shares of iShares S&P 500 Value ETF by 4.6% during the third quarter. Wescott Financial Advisory Group LLC now owns 31,116 shares of the company’s stock worth $6,135,000 after buying an additional 1,359 shares during the period.

iShares S&P 500 Value ETF Trading Up 0.7 %

IVE opened at $205.20 on Tuesday. The stock’s 50-day moving average price is $198.20 and its 200 day moving average price is $190.68. iShares S&P 500 Value ETF has a 12-month low of $163.68 and a 12-month high of $205.87. The firm has a market cap of $36.76 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.