Merkkuri Wealth Advisors LLC Purchases 724 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Merkkuri Wealth Advisors LLC grew its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 17.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,833 shares of the company’s stock after acquiring an additional 724 shares during the quarter. Merkkuri Wealth Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $922,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of IVE. International Assets Investment Management LLC raised its holdings in shares of iShares S&P 500 Value ETF by 18,046.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after buying an additional 1,326,211 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in iShares S&P 500 Value ETF during the second quarter worth $82,555,000. USA Financial Formulas acquired a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $77,191,000. The Manufacturers Life Insurance Company grew its holdings in shares of iShares S&P 500 Value ETF by 43.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 918,220 shares of the company’s stock worth $167,125,000 after purchasing an additional 277,110 shares during the last quarter. Finally, PNC Financial Services Group Inc. increased its position in shares of iShares S&P 500 Value ETF by 7.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after purchasing an additional 139,651 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 0.2 %

NYSEARCA:IVE opened at $196.15 on Friday. The firm has a market cap of $35.14 billion, a PE ratio of 23.79 and a beta of 0.81. The company’s 50-day moving average price is $196.39 and its two-hundred day moving average price is $194.46. iShares S&P 500 Value ETF has a 12 month low of $173.01 and a 12 month high of $206.63.

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.