Money Concepts Capital Corp Makes New Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Money Concepts Capital Corp purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,417 shares of the company’s stock, valued at approximately $2,370,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in IVE. Thurston Springer Miller Herd & Titak Inc. increased its position in shares of iShares S&P 500 Value ETF by 100.0% in the fourth 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 in the last quarter. Northwest Investment Counselors LLC acquired a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at about $31,000. Valued Wealth Advisors LLC purchased a new position in iShares S&P 500 Value ETF during the 3rd quarter valued at about $35,000. Perkins Coie Trust Co acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $35,000. Finally, Copley Financial Group Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at about $36,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE opened at $196.47 on Thursday. iShares S&P 500 Value ETF has a 1-year low of $173.01 and a 1-year high of $206.63. The stock has a market cap of $35.20 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The firm has a 50 day simple moving average of $195.61 and a 200-day simple moving average of $195.08.

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.