iShares S&P 500 Value ETF (NYSEARCA:IVE) is Rehmann Capital Advisory Group’s 2nd Largest Position

Rehmann Capital Advisory Group lifted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.1% during the fourth quarter, Holdings Channel reports. The institutional investor owned 562,501 shares of the company’s stock after acquiring an additional 6,197 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 6.8% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 2nd biggest position. Rehmann Capital Advisory Group’s holdings in iShares S&P 500 Value ETF were worth $107,366,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Raymond James Financial Inc. bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $311,273,000. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock worth $2,564,620,000 after buying an additional 493,784 shares during the last quarter. Lido Advisors LLC increased its position in iShares S&P 500 Value ETF by 46.5% during the 4th quarter. Lido Advisors LLC now owns 1,414,358 shares of the company’s stock valued at $269,973,000 after buying an additional 448,773 shares in the last quarter. USA Financial Formulas purchased a new position in iShares S&P 500 Value ETF during the fourth quarter valued at $77,191,000. Finally, The Manufacturers Life Insurance Company bought a new stake in iShares S&P 500 Value ETF in the fourth quarter worth $41,692,000.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $183.32 on Wednesday. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $206.63. The business has a fifty day moving average price of $185.95 and a 200-day moving average price of $193.21. The company has a market capitalization of $35.99 billion, a PE ratio of 20.32 and a beta of 0.88.

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.