Redwood Investment Management LLC Purchases 7,147 Shares of iShares S&P 500 Value ETF $IVE

Redwood Investment Management LLC boosted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 40.2% during the first quarter, Holdings Channel.com reports. The fund owned 24,940 shares of the company’s stock after acquiring an additional 7,147 shares during the period. iShares S&P 500 Value ETF accounts for 0.7% of Redwood Investment Management LLC’s holdings, making the stock its 23rd largest holding. Redwood Investment Management LLC’s holdings in iShares S&P 500 Value ETF were worth $5,266,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IVE. Rockwood Wealth Management LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 2.7% during the first quarter. Rockwood Wealth Management LLC now owns 1,785 shares of the company’s stock worth $377,000 after purchasing an additional 47 shares during the period. Flagship Private Wealth LLC grew its stake in shares of iShares S&P 500 Value ETF by 1.1% in the fourth quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock worth $901,000 after purchasing an additional 48 shares during the last quarter. Patten & Patten Inc. TN increased its holdings in iShares S&P 500 Value ETF by 4.8% during the 4th quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock valued at $222,000 after purchasing an additional 48 shares during the period. Bernardo Wealth Planning LLC increased its holdings in iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock valued at $2,014,000 after purchasing an additional 49 shares during the period. Finally, Stegner Investment Associates Inc. raised its position in iShares S&P 500 Value ETF by 0.3% during the 4th quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock valued at $3,457,000 after purchasing an additional 49 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA IVE opened at $231.71 on Monday. The stock has a market cap of $48.97 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a fifty-two week low of $193.90 and a fifty-two week high of $234.91. The stock has a 50 day simple moving average of $228.83 and a two-hundred day simple moving average of $221.94.

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. 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.