Portfolio Resources Advisor Group Inc. Makes New $8.44 Million Investment in iShares S&P 500 Value ETF $IVE

Portfolio Resources Advisor Group Inc. purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, Holdings Channel.com reports. The fund purchased 39,786 shares of the company’s stock, valued at approximately $8,437,000. iShares S&P 500 Value ETF comprises approximately 8.4% of Portfolio Resources Advisor Group Inc.’s holdings, making the stock its biggest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in iShares S&P 500 Value ETF by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after acquiring an additional 821,872 shares in the last quarter. Morgan Stanley raised its position in shares of iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after purchasing an additional 1,068,945 shares during the period. Bank of America Corp DE raised its position in shares of iShares S&P 500 Value ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock valued at $1,734,056,000 after purchasing an additional 72,040 shares during the period. Wells Fargo & Company MN raised its position in shares of iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock valued at $1,328,436,000 after purchasing an additional 120,153 shares during the period. Finally, UBS Group AG raised its position in shares of iShares S&P 500 Value ETF by 1.0% in the third quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock valued at $744,423,000 after purchasing an additional 37,372 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of IVE opened at $228.73 on Monday. The firm has a market capitalization of $50.50 billion, a PE ratio of 20.70 and a beta of 0.82. The company’s 50-day moving average is $222.71 and its 200-day moving average is $217.88. iShares S&P 500 Value ETF has a fifty-two week low of $189.66 and a fifty-two week high of $229.53.

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.