Evercore Wealth Management LLC Buys 2,812 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Evercore Wealth Management LLC lifted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,362 shares of the company’s stock after buying an additional 2,812 shares during the quarter. Evercore Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $3,314,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IVE. Raymond James Financial Inc. acquired a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth about $311,273,000. Envestnet Asset Management Inc. grew its holdings in iShares S&P 500 Value ETF by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock worth $2,564,620,000 after purchasing an additional 493,784 shares during the period. USA Financial Formulas acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth approximately $77,191,000. Davis Selected Advisers raised its stake in iShares S&P 500 Value ETF by 1,452.8% in the fourth quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock valued at $37,637,000 after buying an additional 184,477 shares during the period. Finally, Inlight Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $34,223,000.

iShares S&P 500 Value ETF Trading Up 0.8 %

Shares of NYSEARCA IVE opened at $179.47 on Thursday. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $206.63. The stock has a 50 day moving average of $187.18 and a 200-day moving average of $193.62. The company has a market capitalization of $35.23 billion, a P/E ratio of 20.32 and a beta of 0.88.

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.