Polaris Investment Advisors LLC Invests $9.54 Million in iShares S&P 500 Value ETF $IVE

Polaris Investment Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 4th quarter, HoldingsChannel.com reports. The fund bought 44,962 shares of the company’s stock, valued at approximately $9,535,000. iShares S&P 500 Value ETF accounts for approximately 6.9% of Polaris Investment Advisors LLC’s holdings, making the stock its 3rd largest holding.

A number of other hedge funds have also recently added to or reduced their stakes in IVE. REAP Financial Group LLC grew its position in iShares S&P 500 Value ETF by 9.7% during the third quarter. REAP Financial Group LLC now owns 542 shares of the company’s stock valued at $112,000 after buying an additional 48 shares during the period. Dumont & Blake Investment Advisors LLC raised its position in shares of iShares S&P 500 Value ETF by 0.5% in the third quarter. Dumont & Blake Investment Advisors LLC now owns 10,795 shares of the company’s stock worth $2,229,000 after acquiring an additional 49 shares during the period. Signal Advisors Wealth LLC raised its position in shares of iShares S&P 500 Value ETF by 0.6% in the third quarter. Signal Advisors Wealth LLC now owns 9,010 shares of the company’s stock worth $1,861,000 after acquiring an additional 51 shares during the period. Rossby Financial LCC boosted its stake in shares of iShares S&P 500 Value ETF by 7.5% during the 3rd quarter. Rossby Financial LCC now owns 757 shares of the company’s stock worth $157,000 after acquiring an additional 53 shares in the last quarter. Finally, CPC Advisors LLC boosted its stake in shares of iShares S&P 500 Value ETF by 4.9% during the 3rd quarter. CPC Advisors LLC now owns 1,255 shares of the company’s stock worth $259,000 after acquiring an additional 59 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.0%

NYSEARCA:IVE opened at $207.63 on Tuesday. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $223.05. The stock’s 50-day moving average price is $216.79 and its 200-day moving average price is $212.28. The stock has a market capitalization of $46.90 billion, a PE ratio of 20.70 and a beta of 0.89.

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. 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.