Harrell Investment Partners LLC Invests $212,000 in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Harrell Investment Partners LLC purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,078 shares of the company’s stock, valued at approximately $212,000.

Other hedge funds also recently modified their holdings of the company. Cetera Investment Advisers boosted its stake in shares of iShares S&P 500 Value ETF by 905.6% during the first quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock valued at $263,498,000 after purchasing an additional 1,270,256 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in iShares S&P 500 Value ETF by 503.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,377,642 shares of the company’s stock worth $257,357,000 after buying an additional 1,149,497 shares during the period. CWM LLC grew its holdings in iShares S&P 500 Value ETF by 228.4% during the 1st quarter. CWM LLC now owns 1,496,348 shares of the company’s stock worth $279,533,000 after acquiring an additional 1,040,767 shares during the last quarter. JPMorgan Chase & Co. increased its position in iShares S&P 500 Value ETF by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock valued at $3,320,751,000 after acquiring an additional 861,704 shares during the period. Finally, Park Avenue Securities LLC raised its stake in shares of iShares S&P 500 Value ETF by 1,337.4% during the first quarter. Park Avenue Securities LLC now owns 902,534 shares of the company’s stock valued at $168,602,000 after acquiring an additional 839,744 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE traded up $0.72 during mid-day trading on Monday, reaching $199.16. 398,763 shares of the company’s stock were exchanged, compared to its average volume of 691,274. The firm has a market capitalization of $35.68 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a twelve month low of $147.23 and a twelve month high of $199.21. The business’s fifty day moving average price is $193.02 and its 200-day moving average price is $186.73.

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.