Pines Wealth Management LLC raised its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 1.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 18,852 shares of the company’s stock after purchasing an additional 258 shares during the period. iShares S&P 500 Value ETF accounts for about 1.3% of Pines Wealth Management LLC’s investment portfolio, making the stock its 15th largest position. Pines Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $3,745,000 at the end of the most recent reporting period.
Several other institutional investors have also made changes to their positions in the company. Pinney & Scofield Inc. bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $26,000. Cloud Capital Management LLC bought a new stake in iShares S&P 500 Value ETF in the first quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF during the 1st quarter worth $29,000. Nemes Rush Group LLC raised its holdings in shares of iShares S&P 500 Value ETF by 625.0% during the 1st quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the 1st quarter valued at $33,000.
iShares S&P 500 Value ETF Trading Down 0.5%
IVE stock opened at $202.91 on Wednesday. The firm has a market cap of $40.73 billion, a PE ratio of 20.70 and a beta of 0.94. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $206.63. The company has a fifty day simple moving average of $200.43 and a 200 day simple moving average of $192.13.
iShares S&P 500 Value ETF Company 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.
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