Miracle Mile Advisors LLC Has $137.88 Million Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Miracle Mile Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 723,475 shares of the company’s stock after acquiring an additional 26,041 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 2.8% of Miracle Mile Advisors LLC’s portfolio, making the stock its 9th biggest position. Miracle Mile Advisors LLC owned approximately 0.37% of iShares S&P 500 Value ETF worth $137,880,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of iShares S&P 500 Value ETF by 11.5% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 107,020 shares of the company’s stock valued at $20,396,000 after acquiring an additional 11,001 shares in the last quarter. Charter Oak Capital Management LLC increased its stake in iShares S&P 500 Value ETF by 8.8% during the 1st quarter. Charter Oak Capital Management LLC now owns 27,744 shares of the company’s stock valued at $5,287,000 after purchasing an additional 2,248 shares in the last quarter. FFG Retirement Advisors LLC increased its stake in iShares S&P 500 Value ETF by 8.0% during the 1st quarter. FFG Retirement Advisors LLC now owns 14,855 shares of the company’s stock valued at $2,831,000 after purchasing an additional 1,095 shares in the last quarter. LexAurum Advisors LLC increased its stake in iShares S&P 500 Value ETF by 27.5% during the 1st quarter. LexAurum Advisors LLC now owns 4,902 shares of the company’s stock valued at $934,000 after purchasing an additional 1,056 shares in the last quarter. Finally, ONE Advisory Partners LLC increased its stake in iShares S&P 500 Value ETF by 57.4% during the 1st quarter. ONE Advisory Partners LLC now owns 57,962 shares of the company’s stock valued at $11,046,000 after purchasing an additional 21,126 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.8%

Shares of IVE opened at $191.34 on Friday. The company has a market capitalization of $38.17 billion, a P/E ratio of 20.88 and a beta of 0.89. The firm has a 50 day moving average of $183.77 and a 200 day moving average of $191.10. iShares S&P 500 Value ETF has a twelve month low of $165.45 and a twelve month high of $206.63.

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.