Fifth Third Securities Inc. Acquires 51,088 Shares of iShares S&P 500 Value ETF $IVE

Fifth Third Securities Inc. boosted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 119.2% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 93,961 shares of the company’s stock after buying an additional 51,088 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 1.1% of Fifth Third Securities Inc.’s portfolio, making the stock its 16th largest holding. Fifth Third Securities Inc.’s holdings in iShares S&P 500 Value ETF were worth $21,450,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sowell Financial Services LLC lifted its holdings in iShares S&P 500 Value ETF by 0.9% during the third quarter. Sowell Financial Services LLC now owns 19,030 shares of the company’s stock valued at $4,344,000 after purchasing an additional 168 shares during the last quarter. Physician Wealth Advisors Inc. raised its stake in shares of iShares S&P 500 Value ETF by 2.7% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 122,587 shares of the company’s stock valued at $27,984,000 after purchasing an additional 3,177 shares during the period. Carnegie Investment Counsel boosted its stake in iShares S&P 500 Value ETF by 123.4% in the 3rd quarter. Carnegie Investment Counsel now owns 3,593 shares of the company’s stock worth $820,000 after purchasing an additional 1,985 shares during the period. Pinnacle Associates Ltd. grew its holdings in iShares S&P 500 Value ETF by 4.7% during the 3rd quarter. Pinnacle Associates Ltd. now owns 8,101 shares of the company’s stock valued at $1,849,000 after buying an additional 363 shares in the last quarter. Finally, Integrated Advisors Network LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 13.9% in the third quarter. Integrated Advisors Network LLC now owns 52,538 shares of the company’s stock worth $11,993,000 after buying an additional 6,415 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock traded up $0.78 during mid-day trading on Wednesday, hitting $237.98. 257,389 shares of the company traded hands, compared to its average volume of 932,175. iShares S&P 500 Value ETF has a one year low of $203.15 and a one year high of $239.93. The stock has a fifty day moving average price of $234.41 and a 200-day moving average price of $229.11. The stock has a market cap of $50.36 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83.

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.