MAI Capital Management Boosts Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

MAI Capital Management grew its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 754,586 shares of the company’s stock after purchasing an additional 13,079 shares during the period. iShares S&P 500 Value ETF comprises approximately 1.4% of MAI Capital Management’s holdings, making the stock its 11th largest holding. MAI Capital Management owned approximately 0.42% of iShares S&P 500 Value ETF worth $148,782,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in IVE. Envestnet Asset Management Inc. increased its holdings in iShares S&P 500 Value ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock valued at $2,253,356,000 after buying an additional 420,007 shares during the period. LPL Financial LLC boosted its position in iShares S&P 500 Value ETF by 4.9% during the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after acquiring an additional 200,427 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 3.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock valued at $259,313,000 after acquiring an additional 47,074 shares during the period. Cetera Investment Advisers raised its position in shares of iShares S&P 500 Value ETF by 905.6% in the 1st quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock worth $263,498,000 after acquiring an additional 1,270,256 shares in the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of iShares S&P 500 Value ETF by 18,046.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after acquiring an additional 1,326,211 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $199.51 on Monday. The company’s 50-day simple moving average is $197.20 and its 200-day simple moving average is $189.74. iShares S&P 500 Value ETF has a fifty-two week low of $161.43 and a fifty-two week high of $203.67. The stock has a market capitalization of $35.74 billion, a P/E ratio of 23.79 and a beta of 0.81.

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.