Royal Bank of Canada Purchases 48,869 Shares of iShares S&P 500 Value ETF $IVE

Royal Bank of Canada raised its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,396,602 shares of the company’s stock after buying an additional 48,869 shares during the quarter. Royal Bank of Canada owned 0.63% of iShares S&P 500 Value ETF worth $294,892,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in IVE. Brighton Jones LLC raised its stake in iShares S&P 500 Value ETF by 0.8% in the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after purchasing an additional 112 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of iShares S&P 500 Value ETF by 6,385.7% during the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock worth $83,000 after purchasing an additional 447 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of iShares S&P 500 Value ETF during the 2nd quarter worth approximately $550,000. Russell Investments Group Ltd. increased its holdings in shares of iShares S&P 500 Value ETF by 28.8% during the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock worth $416,000 after purchasing an additional 477 shares during the period. Finally, First Trust Advisors LP increased its holdings in shares of iShares S&P 500 Value ETF by 2.8% during the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock worth $5,184,000 after purchasing an additional 731 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.9%

NYSEARCA IVE opened at $232.36 on Thursday. The company has a market cap of $49.12 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The company has a 50 day moving average of $228.64 and a 200-day moving average of $221.73. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $234.91.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.