Diversify Wealth Management LLC grew its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 29.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 99,596 shares of the company’s stock after acquiring an additional 22,870 shares during the quarter. Diversify Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $22,002,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of IVE. Simplex Trading LLC bought a new position in iShares S&P 500 Value ETF during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $26,000. United Services Automobile Association bought a new stake in iShares S&P 500 Value ETF in the second quarter valued at approximately $26,000. Finally, Palisade Asset Management LLC acquired a new stake in iShares S&P 500 Value ETF in the third quarter worth $29,000.
iShares S&P 500 Value ETF Price Performance
Shares of NYSEARCA IVE traded up $0.58 during midday trading on Friday, reaching $230.49. 392,038 shares of the stock were exchanged, compared to its average volume of 1,112,593. The business has a 50-day simple moving average of $226.88 and a two-hundred day simple moving average of $220.11. The company has a market capitalization of $48.63 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 12 month low of $193.90 and a 12 month high of $232.28.
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.
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