Redwood Investment Management LLC Acquires 7,147 Shares of iShares S&P 500 Value ETF $IVE

Redwood Investment Management LLC boosted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 40.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,940 shares of the company’s stock after purchasing an additional 7,147 shares during the period. iShares S&P 500 Value ETF makes up 0.7% of Redwood Investment Management LLC’s portfolio, making the stock its 23rd largest position. Redwood Investment Management LLC’s holdings in iShares S&P 500 Value ETF were worth $5,266,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in IVE. Simplex Trading LLC bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at about $25,000. RMG Wealth Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the first quarter worth about $27,000. Hilton Head Capital Partners LLC purchased a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $25,000. Decker Retirement Planning Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $26,000. Finally, United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF during the 2nd quarter valued at about $26,000.

iShares S&P 500 Value ETF Price Performance

IVE opened at $231.71 on Monday. The stock’s 50 day simple moving average is $228.83 and its 200 day simple moving average is $221.94. iShares S&P 500 Value ETF has a 1 year low of $193.90 and a 1 year high of $234.91. The firm has a market cap of $48.97 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.

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.