Twin Peaks Wealth Advisors LLC Boosts Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Twin Peaks Wealth Advisors LLC increased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 56.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,419 shares of the company’s stock after buying an additional 7,750 shares during the period. iShares S&P 500 Value ETF accounts for about 1.7% of Twin Peaks Wealth Advisors LLC’s portfolio, making the stock its 19th largest position. Twin Peaks Wealth Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $3,846,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently added to or reduced their stakes in the stock. Founders Grove Wealth Partners LLC increased its position in iShares S&P 500 Value ETF by 8.6% during the 1st quarter. Founders Grove Wealth Partners LLC now owns 28,198 shares of the company’s stock valued at $5,374,000 after purchasing an additional 2,236 shares during the period. Polianta Ltd increased its position in iShares S&P 500 Value ETF by 2.1% during the 1st quarter. Polianta Ltd now owns 38,400 shares of the company’s stock valued at $7,318,000 after purchasing an additional 800 shares during the period. Ferguson Wellman Capital Management Inc. purchased a new position in iShares S&P 500 Value ETF during the 1st quarter valued at about $310,000. Neumann Capital Management LLC increased its position in iShares S&P 500 Value ETF by 0.9% during the 1st quarter. Neumann Capital Management LLC now owns 11,515 shares of the company’s stock valued at $2,195,000 after purchasing an additional 100 shares during the period. Finally, Kelly Financial Services LLC increased its position in iShares S&P 500 Value ETF by 102.0% during the 1st quarter. Kelly Financial Services LLC now owns 69,510 shares of the company’s stock valued at $13,247,000 after purchasing an additional 35,096 shares during the period.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA IVE opened at $192.85 on Friday. The company has a market capitalization of $38.47 billion, a price-to-earnings ratio of 20.88 and a beta of 0.89. The company’s 50-day simple moving average is $184.80 and its two-hundred day simple moving average is $190.88. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $206.63.

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.