Madrona Financial Services LLC Grows Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Madrona Financial Services LLC grew its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 13.2% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 35,158 shares of the company’s stock after acquiring an additional 4,103 shares during the period. iShares S&P 500 Value ETF accounts for approximately 1.8% of Madrona Financial Services LLC’s investment portfolio, making the stock its 12th biggest holding. Madrona Financial Services LLC’s holdings in iShares S&P 500 Value ETF were worth $6,711,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Hsbc Holdings PLC increased its position in iShares S&P 500 Value ETF by 50.3% during the 2nd quarter. Hsbc Holdings PLC now owns 5,605 shares of the company’s stock valued at $1,020,000 after buying an additional 1,875 shares in the last quarter. Wescott Financial Advisory Group LLC increased its position in iShares S&P 500 Value ETF by 14.9% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 29,757 shares of the company’s stock valued at $5,416,000 after buying an additional 3,861 shares in the last quarter. Wick Capital Partners LLC bought a new position in iShares S&P 500 Value ETF during the 2nd quarter valued at approximately $778,000. Delta Investment Management LLC increased its holdings in shares of iShares S&P 500 Value ETF by 9.0% in the 2nd quarter. Delta Investment Management LLC now owns 1,266 shares of the company’s stock worth $230,000 after purchasing an additional 105 shares in the last quarter. Finally, Daymark Wealth Partners LLC increased its holdings in shares of iShares S&P 500 Value ETF by 1,857.5% in the 2nd quarter. Daymark Wealth Partners LLC now owns 36,370 shares of the company’s stock worth $6,620,000 after purchasing an additional 34,512 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE opened at $195.54 on Thursday. iShares S&P 500 Value ETF has a one year low of $172.85 and a one year high of $206.63. The firm has a market capitalization of $35.03 billion, a P/E ratio of 23.79 and a beta of 0.81. The business has a fifty day moving average of $196.53 and a 200 day moving average of $194.34.

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.