Stonebridge Financial Planning Group LLC Grows Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Stonebridge Financial Planning Group LLC lifted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 8,458 shares of the company’s stock after purchasing an additional 152 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in iShares S&P 500 Value ETF were worth $1,614,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of IVE. Raymond James Financial Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth $311,273,000. Envestnet Asset Management Inc. boosted 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 boosted its stake in shares of iShares S&P 500 Value ETF by 46.5% in the 4th quarter. Lido Advisors LLC now owns 1,414,358 shares of the company’s stock worth $269,973,000 after buying an additional 448,773 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth $41,692,000. Finally, Bank of America Corp DE boosted its stake in shares of iShares S&P 500 Value ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock worth $1,555,395,000 after buying an additional 200,707 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of iShares S&P 500 Value ETF stock opened at $187.40 on Friday. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $206.63. The stock’s fifty day moving average is $184.11 and its 200 day moving average is $192.03. The stock has a market cap of $37.35 billion, a P/E ratio of 21.18 and a beta of 0.89.

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.