Independent Financial Group LLC bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) during the first quarter, HoldingsChannel.com reports. The fund bought 15,163 shares of the company’s stock, valued at approximately $3,202,000.
Several other hedge funds also recently modified their holdings of IVE. Simplex Trading LLC purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth $25,000. Decker Retirement Planning Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth $26,000. United Services Automobile Association acquired a new stake in shares of iShares S&P 500 Value ETF during the second quarter worth $26,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth $29,000.
iShares S&P 500 Value ETF Stock Down 0.5%
Shares of NYSEARCA:IVE opened at $231.15 on Friday. The company has a market cap of $48.88 billion, a P/E ratio of 20.70 and a beta of 0.82. The business has a fifty day simple moving average of $227.57 and a 200-day simple moving average of $220.70. iShares S&P 500 Value ETF has a 52 week low of $193.90 and a 52 week high of $233.58.
iShares S&P 500 Value ETF 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. 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.
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Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report).
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