Seven Mile Advisory Increases Stock Holdings in iShares S&P 500 Value ETF $IVE

Seven Mile Advisory boosted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 170.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,523 shares of the company’s stock after acquiring an additional 5,372 shares during the period. Seven Mile Advisory’s holdings in iShares S&P 500 Value ETF were worth $1,760,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in IVE. Brighton Jones LLC raised its holdings in iShares S&P 500 Value ETF by 0.8% in the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after purchasing an additional 112 shares in the last quarter. Great Lakes Advisors LLC boosted its stake in shares of iShares S&P 500 Value ETF by 6,385.7% during the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after purchasing an additional 447 shares in the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at about $550,000. Vise Technologies Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at about $884,000. Finally, Boston Partners purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at about $309,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $211.91 on Friday. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $223.05. The firm has a 50-day moving average of $218.25 and a 200 day moving average of $211.58. The company has a market cap of $47.87 billion, a P/E ratio of 20.70 and a beta of 0.89.

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. 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.