Armstrong Fleming & Moore Inc Invests $400,000 in iShares S&P 500 Value ETF $IVE

Armstrong Fleming & Moore Inc purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 2nd quarter, HoldingsChannel reports. The firm purchased 2,047 shares of the company’s stock, valued at approximately $400,000.

Several other hedge funds have also made changes to their positions in IVE. Brighton Jones LLC raised its stake in iShares S&P 500 Value ETF by 0.8% during the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after acquiring an additional 112 shares in the last quarter. Capital Investment Advisors LLC raised its stake in iShares S&P 500 Value ETF by 54.4% during the 1st quarter. Capital Investment Advisors LLC now owns 2,075 shares of the company’s stock valued at $395,000 after acquiring an additional 731 shares in the last quarter. Pallas Capital Advisors LLC raised its stake in iShares S&P 500 Value ETF by 19.6% during the 1st quarter. Pallas Capital Advisors LLC now owns 7,226 shares of the company’s stock valued at $1,377,000 after acquiring an additional 1,183 shares in the last quarter. Wealthcare Advisory Partners LLC raised its stake in iShares S&P 500 Value ETF by 6.3% during the 1st quarter. Wealthcare Advisory Partners LLC now owns 8,907 shares of the company’s stock valued at $1,697,000 after acquiring an additional 526 shares in the last quarter. Finally, Integrated Advisors Network LLC raised its stake in iShares S&P 500 Value ETF by 584.8% during the 1st quarter. Integrated Advisors Network LLC now owns 12,627 shares of the company’s stock valued at $2,407,000 after acquiring an additional 10,783 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $208.47 on Thursday. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $209.12. The stock’s fifty day moving average is $202.85 and its 200-day moving average is $193.80. The company has a market capitalization of $42.12 billion, a PE ratio of 20.70 and a beta of 0.94.

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.