CoreCap Advisors LLC Buys 11,236 Shares of iShares S&P 500 Value ETF $IVE

CoreCap Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 17.4% in the 4th quarter, Holdings Channel reports. The firm owned 75,765 shares of the company’s stock after buying an additional 11,236 shares during the period. CoreCap Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $16,068,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF in the second quarter worth approximately $26,000. Palisade Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at $29,000. Ransom Advisory Ltd purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at $31,000. Center for Financial Planning Inc. bought a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at $32,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at $37,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $210.13 on Friday. 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 $47.47 billion, a P/E ratio of 20.70 and a beta of 0.89. The stock’s fifty day moving average price is $217.17 and its 200-day moving average price is $212.09.

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.