Essex Financial Services Inc. Raises Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Essex Financial Services Inc. lifted its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,598 shares of the company’s stock after purchasing an additional 659 shares during the period. Essex Financial Services Inc.’s holdings in iShares S&P 500 Value ETF were worth $1,929,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Palisade Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter worth approximately $26,000. Vima LLC purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth approximately $27,000. CarsonAllaria Wealth Management Ltd. grew its stake in iShares S&P 500 Value ETF by 289.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock worth $28,000 after acquiring an additional 110 shares during the period. Northwest Investment Counselors LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter worth approximately $29,000. Finally, Fortis Group Advisors LLC grew its stake in iShares S&P 500 Value ETF by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $35,000 after acquiring an additional 100 shares during the period.

iShares S&P 500 Value ETF Price Performance

IVE stock traded up $1.68 during midday trading on Friday, hitting $196.24. The stock had a trading volume of 311,342 shares, compared to its average volume of 720,983. The firm has a market cap of $35.16 billion, a PE ratio of 23.79 and a beta of 0.81. The company’s 50-day moving average price is $187.09 and its 200 day moving average price is $183.59. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $196.36.

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.