Waterway Wealth Management LLC Has $27.81 Million Position in iShares S&P 500 Value ETF $IVE

Waterway Wealth Management LLC decreased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 14.8% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 131,716 shares of the company’s stock after selling 22,875 shares during the quarter. iShares S&P 500 Value ETF accounts for about 5.1% of Waterway Wealth Management LLC’s investment portfolio, making the stock its 5th largest position. Waterway Wealth Management LLC owned approximately 0.06% of iShares S&P 500 Value ETF worth $27,812,000 as of its most recent filing with the SEC.

Several other institutional investors also recently modified their holdings of IVE. JPMorgan Chase & Co. increased its stake in iShares S&P 500 Value ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after purchasing an additional 821,872 shares in the last quarter. Morgan Stanley lifted its stake in iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after buying an additional 1,068,945 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares S&P 500 Value ETF by 0.9% during the third quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock valued at $1,734,056,000 after buying an additional 72,040 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in shares of iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after buying an additional 120,153 shares during the period. Finally, UBS Group AG boosted its holdings in shares of iShares S&P 500 Value ETF by 1.0% in the third quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock worth $744,423,000 after buying an additional 37,372 shares during the period.

iShares S&P 500 Value ETF Price Performance

iShares S&P 500 Value ETF stock opened at $226.09 on Friday. iShares S&P 500 Value ETF has a fifty-two week low of $192.90 and a fifty-two week high of $230.05. The firm’s 50 day simple moving average is $224.91 and its 200-day simple moving average is $218.86. The company has a market cap of $49.92 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.