Leo Wealth LLC Makes New $4.03 Million Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Leo Wealth LLC purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, HoldingsChannel.com reports. The firm purchased 22,204 shares of the company’s stock, valued at approximately $4,025,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of IVE. International Assets Investment Management LLC increased its position in iShares S&P 500 Value ETF by 17,397.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,119,109 shares of the company’s stock worth $194,602,000 after buying an additional 1,112,713 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in iShares S&P 500 Value ETF by 82.2% in the fourth quarter. The Manufacturers Life Insurance Company now owns 985,628 shares of the company’s stock worth $171,391,000 after buying an additional 444,534 shares in the last quarter. Calamos Wealth Management LLC grew its position in shares of iShares S&P 500 Value ETF by 778.4% during the fourth quarter. Calamos Wealth Management LLC now owns 472,801 shares of the company’s stock worth $82,215,000 after purchasing an additional 418,976 shares in the last quarter. Comerica Bank purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $62,554,000. Finally, USA Financial Formulas grew its position in shares of iShares S&P 500 Value ETF by 6,282,116.7% during the fourth quarter. USA Financial Formulas now owns 376,933 shares of the company’s stock worth $65,545,000 after purchasing an additional 376,927 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE traded up $0.81 during trading on Monday, hitting $181.31. 473,242 shares of the company’s stock were exchanged, compared to its average volume of 816,065. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $187.24. The business’s 50-day simple moving average is $181.93 and its 200 day simple moving average is $178.30. The company has a market cap of $32.48 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.