Ellis Investment Partners LLC Increases Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Ellis Investment Partners LLC lifted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 15,647 shares of the company’s stock after purchasing an additional 64 shares during the quarter. Ellis Investment Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $2,987,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Aveo Capital Partners LLC raised its position in iShares S&P 500 Value ETF by 3.8% in the fourth quarter. Aveo Capital Partners LLC now owns 2,052 shares of the company’s stock valued at $392,000 after purchasing an additional 75 shares during the period. WealthPlan Investment Management LLC raised its holdings in shares of iShares S&P 500 Value ETF by 4.2% in the 4th quarter. WealthPlan Investment Management LLC now owns 84,997 shares of the company’s stock valued at $16,224,000 after buying an additional 3,453 shares during the period. Scarborough Advisors LLC boosted its holdings in iShares S&P 500 Value ETF by 3.2% during the 4th quarter. Scarborough Advisors LLC now owns 37,725 shares of the company’s stock valued at $7,201,000 after acquiring an additional 1,171 shares during the period. PUREfi Wealth LLC acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $204,000. Finally, Quadrant Private Wealth Management LLC increased its stake in iShares S&P 500 Value ETF by 3.5% during the fourth quarter. Quadrant Private Wealth Management LLC now owns 35,227 shares of the company’s stock worth $6,724,000 after purchasing an additional 1,178 shares during the period.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $196.62 on Friday. iShares S&P 500 Value ETF has a 1 year low of $175.71 and a 1 year high of $206.63. The company’s 50-day simple moving average is $194.31 and its 200-day simple moving average is $195.46. The stock has a market capitalization of $35.22 billion, a PE ratio of 23.79 and a beta of 0.81.

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.