HighTower Advisors LLC Grows Stock Holdings in iShares S&P 500 Value ETF $IVE

HighTower Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.8% in the third quarter, HoldingsChannel.com reports. The firm owned 654,568 shares of the company’s stock after purchasing an additional 41,593 shares during the period. HighTower Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $135,178,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its holdings in iShares S&P 500 Value ETF by 5.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock worth $4,568,288,000 after buying an additional 1,137,886 shares during the period. JPMorgan Chase & Co. raised its holdings in shares of iShares S&P 500 Value ETF by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 17,895,697 shares of the company’s stock valued at $3,497,177,000 after acquiring an additional 119,534 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in iShares S&P 500 Value ETF by 19.0% in the second quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock worth $591,818,000 after acquiring an additional 484,782 shares during the period. PNC Financial Services Group Inc. boosted its holdings in iShares S&P 500 Value ETF by 4.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,362,479 shares of the company’s stock valued at $461,676,000 after acquiring an additional 105,403 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in iShares S&P 500 Value ETF by 7.8% in the second quarter. Cetera Investment Advisers now owns 2,112,895 shares of the company’s stock valued at $412,902,000 after acquiring an additional 152,851 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.6%

Shares of NYSEARCA IVE opened at $220.29 on Monday. The firm has a fifty day simple moving average of $215.82 and a two-hundred day simple moving average of $209.11. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $223.05. The firm has a market capitalization of $49.76 billion, a PE 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.