IFP Advisors Inc Increases Stock Position in iShares S&P 500 Value ETF $IVE

IFP Advisors Inc grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 41.8% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 88,919 shares of the company’s stock after buying an additional 26,215 shares during the period. IFP Advisors Inc’s holdings in iShares S&P 500 Value ETF were worth $18,857,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. Decker Retirement Planning Inc. purchased a new stake in iShares S&P 500 Value ETF during the fourth quarter worth approximately $26,000. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF during the 2nd quarter worth $26,000. Palisade Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter worth $29,000. Ransom Advisory Ltd purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter worth $31,000. Finally, Birchbrook Inc. purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter worth $31,000.

iShares S&P 500 Value ETF Trading Down 0.2%

Shares of iShares S&P 500 Value ETF stock opened at $224.46 on Wednesday. The company has a fifty day moving average price of $216.97 and a 200 day moving average price of $215.45. iShares S&P 500 Value ETF has a twelve month low of $185.34 and a twelve month high of $225.90. The stock has a market cap of $49.56 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83.

iShares S&P 500 Value ETF Company 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.