Pines Wealth Management LLC Buys 576 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Pines Wealth Management LLC increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,594 shares of the company’s stock after acquiring an additional 576 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 1.5% of Pines Wealth Management LLC’s investment portfolio, making the stock its 14th biggest holding. Pines Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $3,544,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of IVE. Envestnet Asset Management Inc. boosted its position in shares of iShares S&P 500 Value ETF by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock worth $2,564,620,000 after purchasing an additional 493,784 shares in the last quarter. Bank of America Corp DE raised its stake in iShares S&P 500 Value ETF by 2.5% during the 4th quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock worth $1,555,395,000 after buying an additional 200,707 shares during the period. Stifel Financial Corp lifted its holdings in iShares S&P 500 Value ETF by 3.5% during the fourth quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock worth $491,832,000 after acquiring an additional 88,096 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,455,376 shares of the company’s stock worth $468,171,000 after acquiring an additional 171,953 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in iShares S&P 500 Value ETF by 8.5% in 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 acquiring an additional 167,028 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $191.34 on Friday. The firm has a market cap of $38.17 billion, a P/E ratio of 20.88 and a beta of 0.89. The stock’s 50-day moving average is $183.77 and its 200-day moving average is $191.16. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $206.63.

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.