Global Financial Private Client LLC Makes New $123,000 Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Global Financial Private Client LLC bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 660 shares of the company’s stock, valued at approximately $123,000.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in iShares S&P 500 Value ETF by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock valued at $3,320,751,000 after purchasing an additional 861,704 shares during the last quarter. Wells Fargo & Company MN raised its holdings in shares of iShares S&P 500 Value ETF by 0.3% in the fourth quarter. Wells Fargo & Company MN now owns 7,565,945 shares of the company’s stock valued at $1,315,642,000 after buying an additional 25,641 shares during the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 8.9% in the 4th quarter. Envestnet Asset Management Inc. now owns 4,314,163 shares of the company’s stock valued at $750,190,000 after purchasing an additional 351,478 shares during the last quarter. UBS Group AG raised its position in iShares S&P 500 Value ETF by 0.4% during the 4th quarter. UBS Group AG now owns 3,558,382 shares of the company’s stock worth $618,767,000 after buying an additional 14,425 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in iShares S&P 500 Value ETF by 1.2% in the 4th quarter. Stifel Financial Corp now owns 2,195,335 shares of the company’s stock valued at $381,746,000 after purchasing an additional 25,246 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE traded up $0.41 during trading hours on Wednesday, hitting $190.70. The company’s stock had a trading volume of 376,655 shares, compared to its average volume of 767,643. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $191.93. The business’s 50-day moving average is $183.92 and its two-hundred day moving average is $181.26. The company has a market capitalization of $34.16 billion, a PE 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.