Sargent Investment Group LLC Buys New Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Sargent Investment Group LLC purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,501 shares of the company’s stock, valued at approximately $284,000.

Several other hedge funds and other institutional investors have also modified their holdings of IVE. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of iShares S&P 500 Value ETF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after acquiring an additional 76 shares during the period. Northwest Investment Counselors LLC acquired a new position in iShares S&P 500 Value ETF during the 3rd quarter worth $31,000. Valued Wealth Advisors LLC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter worth about $35,000. Perkins Coie Trust Co acquired a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000. Finally, Copley Financial Group Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at about $36,000.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $196.47 on Thursday. The company’s 50 day moving average price is $195.61 and its 200 day moving average price is $195.08. The firm has a market capitalization of $35.20 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a fifty-two week low of $173.01 and a fifty-two 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.