iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Purchased by Powell Investment Advisors LLC

Powell Investment Advisors LLC lifted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 140,887 shares of the company’s stock after purchasing an additional 1,504 shares during the quarter. iShares S&P 500 Value ETF comprises about 13.9% of Powell Investment Advisors LLC’s holdings, making the stock its largest holding. Powell Investment Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $26,319,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vima LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the first quarter valued at approximately $29,000. First Pacific Financial acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter worth $30,000. Sound Income Strategies LLC acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter worth $35,000. Finally, Wetzel Investment Advisors Inc. acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter worth $35,000.

iShares S&P 500 Value ETF Trading Up 0.1 %

IVE stock traded up $0.18 during midday trading on Friday, hitting $182.01. 426,123 shares of the company’s stock were exchanged, compared to its average volume of 800,868. The business has a 50-day simple moving average of $182.41 and a two-hundred day simple moving average of $179.15. The stock has a market capitalization of $32.61 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1-year low of $147.23 and a 1-year 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.