NorthRock Partners LLC Makes New Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

NorthRock Partners LLC acquired a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,552 shares of the company’s stock, valued at approximately $296,000.

Several other large investors have also recently added to or reduced their stakes in IVE. Raymond James Financial Inc. bought a new stake 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% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock valued at $2,564,620,000 after purchasing an additional 493,784 shares during the last quarter. Lido Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF by 46.5% during the fourth quarter. Lido Advisors LLC now owns 1,414,358 shares of the company’s stock valued at $269,973,000 after purchasing an additional 448,773 shares during the last quarter. The Manufacturers Life Insurance Company bought a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $41,692,000. Finally, Bank of America Corp DE grew its stake in shares of iShares S&P 500 Value ETF by 2.5% during the fourth quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock valued at $1,555,395,000 after purchasing an additional 200,707 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

IVE opened at $191.58 on Friday. The company’s 50 day simple moving average is $183.99 and its 200-day simple moving average is $192.15. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $206.63. The stock has a market capitalization of $38.18 billion, a P/E ratio of 21.18 and a beta of 0.89.

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.