Life Line Wealth Management LLC Makes New $239,000 Investment in iShares S&P 500 Value ETF $IVE

Life Line Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 1,223 shares of the company’s stock, valued at approximately $239,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. raised its stake in iShares S&P 500 Value ETF by 38.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock valued at $3,553,106,000 after buying an additional 5,207,877 shares during the last quarter. JPMorgan Chase & Co. raised its stake in iShares S&P 500 Value ETF by 5.5% during the 1st quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock valued at $3,387,781,000 after buying an additional 922,557 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in shares of iShares S&P 500 Value ETF by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock worth $493,603,000 after purchasing an additional 105,418 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares S&P 500 Value ETF by 3.7% in the 1st quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock worth $485,361,000 after purchasing an additional 90,856 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in shares of iShares S&P 500 Value ETF by 5.3% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,257,076 shares of the company’s stock worth $430,153,000 after purchasing an additional 114,406 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $203.94 on Friday. The firm has a market capitalization of $40.94 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $206.63. The business has a fifty day moving average price of $200.18 and a 200-day moving average price of $192.02.

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.