Berman McAleer LLC Buys New Position in iShares S&P 500 Value ETF $IVE

Berman McAleer LLC bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 8,082 shares of the company’s stock, valued at approximately $1,669,000.

Several other institutional investors also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 12.6% in the second quarter. Envestnet Asset Management Inc. now owns 20,983,503 shares of the company’s stock worth $4,100,596,000 after acquiring an additional 2,339,857 shares during the last quarter. Laurel Wealth Advisors LLC boosted its holdings in iShares S&P 500 Value ETF by 19,441.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,215,465 shares of the company’s stock valued at $237,526,000 after purchasing an additional 1,209,245 shares during the period. Ameriprise Financial Inc. grew its position in iShares S&P 500 Value ETF by 19.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock worth $591,818,000 after purchasing an additional 484,782 shares during the last quarter. EP Wealth Advisors LLC grew its position in iShares S&P 500 Value ETF by 795.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 373,966 shares of the company’s stock worth $73,081,000 after purchasing an additional 332,218 shares during the last quarter. Finally, MML Investors Services LLC increased its holdings in shares of iShares S&P 500 Value ETF by 19.9% during the 2nd quarter. MML Investors Services LLC now owns 1,396,052 shares of the company’s stock worth $272,817,000 after purchasing an additional 231,828 shares during the period.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $217.24 on Friday. The company has a 50-day simple moving average of $213.92 and a 200-day simple moving average of $207.44. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $218.44. The firm has a market capitalization of $49.14 billion, a P/E ratio of 20.70 and a beta of 0.89.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.