iShares S&P 500 Value ETF $IVE Shares Bought by Forefront Wealth Partners LLC

Forefront Wealth Partners LLC grew its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.4% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 15,617 shares of the company’s stock after purchasing an additional 2,533 shares during the period. iShares S&P 500 Value ETF accounts for 1.6% of Forefront Wealth Partners LLC’s portfolio, making the stock its 12th biggest position. Forefront Wealth Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $3,312,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Decker Retirement Planning Inc. purchased a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at $26,000. United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter worth about $26,000. Palisade Asset Management LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth about $29,000. Ransom Advisory Ltd acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $31,000. Finally, Birchbrook Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $31,000.

iShares S&P 500 Value ETF Trading Down 0.2%

Shares of NYSEARCA IVE opened at $224.46 on Wednesday. The stock has a 50 day moving average of $216.97 and a two-hundred day moving average of $215.45. The stock has a market cap of $49.56 billion, a P/E ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a twelve month low of $185.34 and a twelve month high of $225.90.

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.