GAMMA Investing LLC Purchases New Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

GAMMA Investing LLC acquired a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, Holdings Channel.com reports. The fund acquired 1,384 shares of the company’s stock, valued at approximately $241,000.

A number of other hedge funds also recently made changes to their positions in the company. Ellis Investment Partners LLC grew its stake in shares of iShares S&P 500 Value ETF by 0.4% in the 4th quarter. Ellis Investment Partners LLC now owns 15,815 shares of the company’s stock valued at $2,750,000 after buying an additional 63 shares in the last quarter. Cadinha & Co. LLC boosted its position in iShares S&P 500 Value ETF by 1.0% during the third quarter. Cadinha & Co. LLC now owns 6,360 shares of the company’s stock worth $978,000 after purchasing an additional 66 shares during the period. Trifecta Capital Advisors LLC boosted its position in iShares S&P 500 Value ETF by 2.0% during the fourth quarter. Trifecta Capital Advisors LLC now owns 3,401 shares of the company’s stock worth $591,000 after purchasing an additional 66 shares during the period. Oxinas Partners Wealth Management LLC boosted its position in iShares S&P 500 Value ETF by 1.1% during the fourth quarter. Oxinas Partners Wealth Management LLC now owns 6,529 shares of the company’s stock worth $1,135,000 after purchasing an additional 71 shares during the period. Finally, Financial Counselors Inc. boosted its position in iShares S&P 500 Value ETF by 0.7% during the fourth quarter. Financial Counselors Inc. now owns 10,184 shares of the company’s stock worth $1,771,000 after purchasing an additional 71 shares during the period.

iShares S&P 500 Value ETF Stock Down 0.3 %

Shares of iShares S&P 500 Value ETF stock opened at $180.45 on Friday. The stock has a market capitalization of $32.33 billion, a P/E ratio of 23.38 and a beta of 0.84. The stock has a 50 day moving average price of $181.32 and a two-hundred day moving average price of $171.49. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24.

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.