Bay Harbor Wealth Management LLC Buys 1,747 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Bay Harbor Wealth Management LLC boosted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,874 shares of the company’s stock after purchasing an additional 1,747 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 1.9% of Bay Harbor Wealth Management LLC’s holdings, making the stock its 20th largest holding. Bay Harbor Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $5,893,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of iShares S&P 500 Value ETF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock valued at $29,000 after acquiring an additional 76 shares during the last quarter. Northwest Investment Counselors LLC bought a new position in iShares S&P 500 Value ETF during the third quarter valued at $31,000. Valued Wealth Advisors LLC purchased a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter worth $35,000. Perkins Coie Trust Co purchased a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at about $35,000. Finally, Copley Financial Group Inc. bought a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at about $36,000.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA IVE opened at $194.65 on Tuesday. The stock has a market capitalization of $34.87 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1-year low of $173.01 and a 1-year high of $206.63. The business’s 50 day moving average is $196.00 and its two-hundred day moving average is $194.97.

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.