Steelhead Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,997 shares of the company’s stock, valued at approximately $1,477,000.
Other hedge funds also recently bought and sold shares of the company. Simplex Trading LLC purchased a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. purchased a new position in iShares S&P 500 Value ETF during the 4th quarter worth approximately $26,000. United Services Automobile Association acquired a new stake in iShares S&P 500 Value ETF during the 2nd quarter valued at $26,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the first quarter valued at $27,000.
iShares S&P 500 Value ETF Stock Performance
NYSEARCA:IVE opened at $231.71 on Monday. The business’s fifty day moving average price is $228.83 and its 200 day moving average price is $221.94. The firm has a market capitalization of $48.97 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $234.91.
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.
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