Physician Wealth Advisors Inc. Buys 47,456 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Physician Wealth Advisors Inc. grew its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3,481.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 48,819 shares of the company’s stock after purchasing an additional 47,456 shares during the period. iShares S&P 500 Value ETF makes up about 1.8% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 15th biggest position. Physician Wealth Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $8,626,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently bought and sold shares of the company. Vima LLC purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at $27,000. Northwest Investment Counselors LLC purchased a new position in iShares S&P 500 Value ETF during the 1st quarter valued at $29,000. First Pacific Financial purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at $30,000. Wetzel Investment Advisors Inc. purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at $35,000. Finally, Sound Income Strategies LLC purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at $35,000.

iShares S&P 500 Value ETF Stock Up 0.1 %

IVE traded up $0.18 during trading hours on Friday, reaching $182.01. 426,125 shares of the company’s stock traded hands, compared to its average volume of 800,868. The firm has a 50-day moving average price of $182.48 and a 200 day moving average price of $179.31. The firm 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 52-week low of $147.23 and a 52-week high of $187.24.

About iShares S&P 500 Value ETF

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.