Modern Wealth Management LLC Boosts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Modern Wealth Management LLC increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 125.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,033 shares of the company’s stock after acquiring an additional 10,030 shares during the quarter. Modern Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $3,522,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Cerity Partners LLC grew its position in shares of iShares S&P 500 Value ETF by 1.7% during the third quarter. Cerity Partners LLC now owns 72,382 shares of the company’s stock worth $14,272,000 after acquiring an additional 1,243 shares during the last quarter. Kingsview Wealth Management LLC boosted its stake in iShares S&P 500 Value ETF by 25.7% during the 3rd quarter. Kingsview Wealth Management LLC now owns 4,932 shares of the company’s stock worth $972,000 after purchasing an additional 1,009 shares during the period. Boston Family Office LLC grew its position in iShares S&P 500 Value ETF by 2.0% during the 3rd quarter. Boston Family Office LLC now owns 5,743 shares of the company’s stock worth $1,132,000 after purchasing an additional 111 shares during the last quarter. Brown Brothers Harriman & Co. increased its stake in iShares S&P 500 Value ETF by 23.8% in the third quarter. Brown Brothers Harriman & Co. now owns 12,609 shares of the company’s stock valued at $2,486,000 after purchasing an additional 2,426 shares during the period. Finally, Private Trust Co. NA raised its holdings in shares of iShares S&P 500 Value ETF by 18.2% in the third quarter. Private Trust Co. NA now owns 6,653 shares of the company’s stock valued at $1,312,000 after buying an additional 1,026 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 0.1 %

NYSEARCA IVE opened at $191.71 on Wednesday. The business’s 50-day moving average price is $194.31 and its 200 day moving average price is $196.04. The firm has a market cap of $37.33 billion, a P/E ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a 52-week low of $176.09 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.