Franklin Resources Inc. Acquires 6,257 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Franklin Resources Inc. lifted its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 25.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 30,832 shares of the company’s stock after acquiring an additional 6,257 shares during the quarter. Franklin Resources Inc.’s holdings in iShares S&P 500 Value ETF were worth $6,370,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVE. NBC Securities Inc. grew its position in shares of iShares S&P 500 Value ETF by 33.3% in the 3rd quarter. NBC Securities Inc. now owns 2,148 shares of the company’s stock worth $423,000 after buying an additional 536 shares during the period. Ausdal Financial Partners Inc. boosted its stake in iShares S&P 500 Value ETF by 81.0% during the third quarter. Ausdal Financial Partners Inc. now owns 46,203 shares of the company’s stock worth $9,110,000 after acquiring an additional 20,674 shares in the last quarter. Concourse Financial Group Securities Inc. grew its holdings in iShares S&P 500 Value ETF by 7.0% in the third quarter. Concourse Financial Group Securities Inc. now owns 53,260 shares of the company’s stock worth $10,501,000 after purchasing an additional 3,500 shares during the period. Cornell Pochily Investment Advisors Inc. increased its stake in shares of iShares S&P 500 Value ETF by 31.3% during the third quarter. Cornell Pochily Investment Advisors Inc. now owns 3,060 shares of the company’s stock valued at $603,000 after purchasing an additional 730 shares in the last quarter. Finally, High Falls Advisors Inc lifted its holdings in shares of iShares S&P 500 Value ETF by 3.1% during the second quarter. High Falls Advisors Inc now owns 74,353 shares of the company’s stock valued at $13,533,000 after purchasing an additional 2,223 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 1.2 %

Shares of IVE opened at $191.71 on Monday. iShares S&P 500 Value ETF has a 52 week low of $170.13 and a 52 week high of $206.63. The stock has a market cap of $34.34 billion, a P/E ratio of 23.79 and a beta of 0.81. The business’s 50 day moving average price is $199.56 and its 200-day moving average price is $192.81.

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.