Salem Investment Counselors Inc. Raises Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Salem Investment Counselors Inc. increased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,439 shares of the company’s stock after buying an additional 169 shares during the quarter. Salem Investment Counselors Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,183,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth $31,000. Valued Wealth Advisors LLC purchased a new position in iShares S&P 500 Value ETF in the 3rd quarter worth $35,000. Copley Financial Group Inc. acquired a new stake in iShares S&P 500 Value ETF during the 3rd quarter worth about $36,000. Hobbs Group Advisors LLC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at about $40,000. Finally, Colony Family Offices LLC raised its stake in shares of iShares S&P 500 Value ETF by 77.3% in the third quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock worth $54,000 after purchasing an additional 119 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 0.7 %

iShares S&P 500 Value ETF stock opened at $189.42 on Tuesday. iShares S&P 500 Value ETF has a 52 week low of $170.13 and a 52 week high of $206.63. The stock has a 50-day moving average price of $197.53 and a 200 day moving average price of $193.84. The company has a market capitalization of $33.93 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.