PFG Advisors Buys Shares of 23,143 iShares S&P 500 Value ETF $IVE

PFG Advisors purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 23,143 shares of the company’s stock, valued at approximately $4,779,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in iShares S&P 500 Value ETF by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock valued at $4,568,288,000 after buying an additional 1,137,886 shares in the last quarter. JPMorgan Chase & Co. grew its position in iShares S&P 500 Value ETF by 0.7% in 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 during the last quarter. Ameriprise Financial Inc. raised its stake in iShares S&P 500 Value ETF by 19.0% during 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 in the last quarter. PNC Financial Services Group Inc. raised its stake in iShares S&P 500 Value ETF by 4.7% during the second quarter. PNC Financial Services Group Inc. now owns 2,362,479 shares of the company’s stock worth $461,676,000 after acquiring an additional 105,403 shares in the last quarter. Finally, Cetera Investment Advisers lifted its holdings in shares of 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 worth $412,902,000 after acquiring an additional 152,851 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.1%

IVE opened at $216.39 on Tuesday. The company’s 50 day moving average is $218.16 and its 200-day moving average is $211.47. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $223.05. The company has a market cap of $48.88 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.