Evoke Wealth LLC Increases Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Evoke Wealth LLC increased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.6% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 235,338 shares of the company’s stock after buying an additional 8,216 shares during the period. iShares S&P 500 Value ETF accounts for about 1.3% of Evoke Wealth LLC’s holdings, making the stock its 23rd largest holding. Evoke Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $44,921,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Stifel Financial Corp lifted its stake in shares of iShares S&P 500 Value ETF by 2.5% in the 3rd quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after purchasing an additional 60,868 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in iShares S&P 500 Value ETF by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after buying an additional 167,028 shares in the last quarter. Raymond James Financial Inc. acquired a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $311,273,000. Envestnet Portfolio Solutions Inc. grew its stake in iShares S&P 500 Value ETF by 3.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,527,973 shares of the company’s stock worth $291,659,000 after buying an additional 49,640 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in shares of iShares S&P 500 Value ETF by 8.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 999,059 shares of the company’s stock worth $190,700,000 after acquiring an additional 73,706 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 1.1 %

NYSEARCA:IVE opened at $190.88 on Tuesday. The firm’s fifty day simple moving average is $194.26 and its 200 day simple moving average is $196.19. iShares S&P 500 Value ETF has a twelve month low of $176.09 and a twelve month high of $206.63. The firm has a market capitalization of $37.08 billion, a price-to-earnings ratio of 22.06 and a beta of 0.94.

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.