Independent Financial Group LLC Acquires Shares of 15,163 iShares S&P 500 Value ETF $IVE

Independent Financial Group LLC bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 15,163 shares of the company’s stock, valued at approximately $3,202,000.

A number of other institutional investors have also modified their holdings of IVE. Prosperity Consulting Group LLC boosted its stake in iShares S&P 500 Value ETF by 143.0% during the 1st quarter. Prosperity Consulting Group LLC now owns 22,028 shares of the company’s stock worth $4,651,000 after purchasing an additional 12,962 shares during the period. Quartz Partners LLC increased its stake in iShares S&P 500 Value ETF by 42.7% in the first quarter. Quartz Partners LLC now owns 3,574 shares of the company’s stock valued at $755,000 after purchasing an additional 1,070 shares during the period. Gallagher Capital Advisors LLC raised its holdings in shares of iShares S&P 500 Value ETF by 3,223.2% in the first quarter. Gallagher Capital Advisors LLC now owns 158,615 shares of the company’s stock valued at $33,492,000 after buying an additional 153,842 shares during the last quarter. Wealthfront Advisers LLC raised its holdings in shares of iShares S&P 500 Value ETF by 17.4% in the first quarter. Wealthfront Advisers LLC now owns 2,228 shares of the company’s stock valued at $470,000 after buying an additional 331 shares during the last quarter. Finally, Ethos Financial Group LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth about $286,000.

iShares S&P 500 Value ETF Stock Down 0.5%

Shares of IVE stock opened at $231.15 on Friday. The stock has a market capitalization of $48.88 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 52-week low of $193.90 and a 52-week high of $233.58. The stock’s 50-day moving average price is $227.57 and its 200 day moving average price is $220.70.

About iShares S&P 500 Value ETF

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.