Wealthfront Advisers LLC Makes New $11.86 Million Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Wealthfront Advisers LLC bought a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 62,136 shares of the company’s stock, valued at approximately $11,861,000.

A number of other hedge funds have also added to or reduced their stakes in the business. QRG Capital Management Inc. acquired a new stake in iShares S&P 500 Value ETF in the third quarter valued at approximately $355,000. SpiderRock Advisors LLC boosted its position in shares of iShares S&P 500 Value ETF by 33.5% during the third quarter. SpiderRock Advisors LLC now owns 2,906 shares of the company’s stock valued at $573,000 after buying an additional 729 shares during the last quarter. Assetmark Inc. boosted its position in shares of iShares S&P 500 Value ETF by 16.9% during the third quarter. Assetmark Inc. now owns 857 shares of the company’s stock valued at $169,000 after buying an additional 124 shares during the last quarter. Axxcess Wealth Management LLC boosted its position in shares of iShares S&P 500 Value ETF by 46.8% during the third quarter. Axxcess Wealth Management LLC now owns 10,828 shares of the company’s stock valued at $2,135,000 after buying an additional 3,454 shares during the last quarter. Finally, Apollon Wealth Management LLC boosted its position in shares of iShares S&P 500 Value ETF by 4.9% during the third quarter. Apollon Wealth Management LLC now owns 29,424 shares of the company’s stock valued at $5,802,000 after buying an additional 1,362 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 1.4 %

Shares of NYSEARCA:IVE opened at $188.32 on Wednesday. The business’s 50 day moving average is $194.48 and its 200 day moving average is $196.36. iShares S&P 500 Value ETF has a 12-month low of $176.09 and a 12-month high of $206.63. The stock has a market cap of $36.58 billion, a price-to-earnings ratio of 22.06 and a beta of 0.94.

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.