Steelhead Wealth Management LLC Makes New Investment in iShares S&P 500 Value ETF $IVE

Steelhead Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 1st quarter, HoldingsChannel.com reports. The institutional investor purchased 6,997 shares of the company’s stock, valued at approximately $1,477,000.

Other hedge funds have also modified their holdings of the company. S&A Financial Services Inc. acquired a new position in iShares S&P 500 Value ETF in the 1st quarter worth about $377,000. FAS Wealth Partners Inc. raised its stake in shares of iShares S&P 500 Value ETF by 1.8% during the 1st quarter. FAS Wealth Partners Inc. now owns 42,521 shares of the company’s stock worth $8,978,000 after purchasing an additional 756 shares in the last quarter. Rathbones Group PLC lifted its holdings in shares of iShares S&P 500 Value ETF by 11.3% during the 1st quarter. Rathbones Group PLC now owns 8,089 shares of the company’s stock valued at $1,708,000 after buying an additional 821 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of iShares S&P 500 Value ETF by 3.0% during the 1st quarter. Pine Valley Investments Ltd Liability Co now owns 3,381 shares of the company’s stock valued at $714,000 after buying an additional 99 shares during the last quarter. Finally, Parallel Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF by 1.0% in the 1st quarter. Parallel Advisors LLC now owns 58,299 shares of the company’s stock valued at $12,310,000 after buying an additional 570 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $231.71 on Monday. The stock’s 50 day moving average price is $228.83 and its 200 day moving average price is $221.94. iShares S&P 500 Value ETF has a 52 week low of $193.90 and a 52 week high of $234.91. The company has a market capitalization of $48.97 billion, a P/E ratio of 20.70 and a beta of 0.82.

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.