iShares S&P 500 Value ETF (NYSEARCA:IVE) Stake Boosted by Sage Mountain Advisors LLC

Sage Mountain Advisors LLC raised its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 40.3% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,986 shares of the company’s stock after buying an additional 857 shares during the period. Sage Mountain Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $570,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVE. Raymond James Financial Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at $311,273,000. USA Financial Formulas purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth about $77,191,000. Davis Selected Advisers boosted its position in iShares S&P 500 Value ETF by 1,452.8% during the 4th quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock worth $37,637,000 after acquiring an additional 184,477 shares during the period. PNC Financial Services Group Inc. grew its stake in iShares S&P 500 Value ETF by 8.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after acquiring an additional 167,028 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its holdings in shares of iShares S&P 500 Value ETF by 28.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock valued at $120,955,000 after purchasing an additional 136,769 shares during the period.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $188.32 on Wednesday. The firm has a 50 day simple moving average of $194.48 and a 200 day simple moving average of $196.36. iShares S&P 500 Value ETF has a 52 week low of $176.09 and a 52 week high of $206.63. The stock has a market cap of $36.58 billion, a P/E ratio of 22.06 and a beta of 0.94.

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.