Peapack Gladstone Financial Corp Raises Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Peapack Gladstone Financial Corp raised its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,354 shares of the company’s stock after acquiring an additional 2,010 shares during the period. Peapack Gladstone Financial Corp owned approximately 0.06% of iShares S&P 500 Value ETF worth $21,065,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. LexAurum Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF by 47.2% during the 4th quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock worth $734,000 after purchasing an additional 1,233 shares during the period. Financial Synergies Wealth Advisors Inc. grew its stake in iShares S&P 500 Value ETF by 0.6% in the 4th quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock valued at $5,480,000 after acquiring an additional 160 shares during the last quarter. DAVENPORT & Co LLC increased its holdings in iShares S&P 500 Value ETF by 10.9% during the 4th quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock valued at $722,000 after acquiring an additional 372 shares in the last quarter. Equitable Trust Co. purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $5,806,000. Finally, Empowered Funds LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $133,000.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $172.67 on Friday. The stock’s 50 day moving average price is $193.16 and its 200 day moving average price is $195.67. The firm has a market cap of $33.62 billion, a P/E ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a 1 year low of $172.56 and a 1 year high of $206.63.

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.