USA Financial Formulas Invests $77.19 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

USA Financial Formulas bought a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 404,398 shares of the company’s stock, valued at approximately $77,191,000. iShares S&P 500 Value ETF comprises about 12.1% of USA Financial Formulas’ investment portfolio, making the stock its 4th largest holding. USA Financial Formulas owned about 0.23% of iShares S&P 500 Value ETF as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in IVE. Thurston Springer Miller Herd & Titak Inc. raised its holdings in iShares S&P 500 Value ETF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock valued at $29,000 after buying an additional 76 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at about $31,000. Valued Wealth Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $35,000. Copley Financial Group Inc. bought a new position in iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $36,000. Finally, Hobbs Group Advisors LLC bought a new position in iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $40,000.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $192.70 on Thursday. iShares S&P 500 Value ETF has a fifty-two week low of $170.13 and a fifty-two week high of $206.63. The firm has a market cap of $34.52 billion, a P/E ratio of 23.79 and a beta of 0.81. The business’s 50 day moving average price is $197.41 and its 200-day moving average price is $193.90.

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.