Focus Financial Network Inc. Buys 3,477 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Focus Financial Network Inc. boosted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 46,598 shares of the company’s stock after buying an additional 3,477 shares during the period. Focus Financial Network Inc.’s holdings in iShares S&P 500 Value ETF were worth $8,895,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. LexAurum Advisors LLC increased its holdings in shares of iShares S&P 500 Value ETF by 47.2% during the fourth quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock valued at $734,000 after acquiring an additional 1,233 shares in the last quarter. Financial Synergies Wealth Advisors Inc. grew its position in iShares S&P 500 Value ETF by 0.6% during the 4th quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock valued at $5,480,000 after purchasing an additional 160 shares during the last quarter. DAVENPORT & Co LLC increased its stake in iShares S&P 500 Value ETF by 10.9% during the 4th quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock valued at $722,000 after purchasing an additional 372 shares in the last quarter. NBC Securities Inc. raised its holdings in iShares S&P 500 Value ETF by 33.3% in the third quarter. NBC Securities Inc. now owns 2,148 shares of the company’s stock worth $423,000 after buying an additional 536 shares during the last quarter. Finally, Equitable Trust Co. bought a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth approximately $5,806,000.

iShares S&P 500 Value ETF Stock Up 0.3 %

NYSEARCA:IVE opened at $195.30 on Tuesday. The stock has a market cap of $34.99 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The company’s 50 day moving average price is $195.01 and its 200-day moving average price is $195.26. iShares S&P 500 Value ETF has a 52 week low of $173.01 and a 52 week high of $206.63.

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.