HighTower Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 1.0% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 670,326 shares of the company’s stock after buying an additional 6,646 shares during the period. HighTower Advisors LLC owned 0.32% of iShares S&P 500 Value ETF worth $152,204,000 at the end of the most recent reporting period.
A number of other hedge funds also recently made changes to their positions in the stock. Hilton Head Capital Partners LLC bought a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at about $25,000. Simplex Trading LLC bought a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $25,000. United Services Automobile Association bought a new position in shares of iShares S&P 500 Value ETF in the second quarter worth about $26,000. RMG Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth about $27,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $29,000.
iShares S&P 500 Value ETF Stock Performance
Shares of IVE opened at $236.80 on Monday. The business’s 50 day moving average is $233.58 and its 200 day moving average is $225.16. iShares S&P 500 Value ETF has a 12-month low of $201.22 and a 12-month high of $239.93. The company has a market capitalization of $50.05 billion, a PE ratio of 20.70 and a beta of 0.82.
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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