PFG Advisors Makes New $4.78 Million Investment in iShares S&P 500 Value ETF $IVE

PFG Advisors purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 3rd quarter, Holdings Channel reports. The firm purchased 23,143 shares of the company’s stock, valued at approximately $4,779,000.

A number of other large investors also recently modified their holdings of the company. Diversify Advisory Services LLC boosted its stake in shares of iShares S&P 500 Value ETF by 116.0% during the third quarter. Diversify Advisory Services LLC now owns 21,074 shares of the company’s stock valued at $4,394,000 after purchasing an additional 11,317 shares in the last quarter. CreativeOne Wealth LLC grew its holdings in shares of iShares S&P 500 Value ETF by 4.4% during the third quarter. CreativeOne Wealth LLC now owns 211,410 shares of the company’s stock worth $43,658,000 after purchasing an additional 8,855 shares during the last quarter. Natixis Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 4.6% in the third quarter. Natixis Advisors LLC now owns 66,527 shares of the company’s stock valued at $13,738,000 after buying an additional 2,906 shares during the period. Ameriflex Group Inc. increased its stake in shares of iShares S&P 500 Value ETF by 157.6% in the third quarter. Ameriflex Group Inc. now owns 528 shares of the company’s stock valued at $109,000 after buying an additional 323 shares during the period. Finally, Blair William & Co. IL raised its holdings in iShares S&P 500 Value ETF by 2.4% in the 3rd quarter. Blair William & Co. IL now owns 39,236 shares of the company’s stock valued at $8,103,000 after buying an additional 902 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $216.39 on Tuesday. The firm’s 50 day simple moving average is $218.16 and its 200 day simple moving average is $211.47. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $223.05. The company has a market cap of $48.88 billion, a PE ratio of 20.70 and a beta of 0.89.

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.