Southern Capital Advisors LLC raised its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 15.3% in the first quarter, HoldingsChannel.com reports. The firm owned 17,401 shares of the company’s stock after buying an additional 2,312 shares during the period. iShares S&P 500 Value ETF comprises about 1.8% of Southern Capital Advisors LLC’s investment portfolio, making the stock its 17th biggest holding. Southern Capital Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $3,316,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinney & Scofield Inc. bought a new position in iShares S&P 500 Value ETF during the 4th quarter valued at $26,000. Providence First Trust Co bought a new position in iShares S&P 500 Value ETF during the 4th quarter valued at $31,000. SJS Investment Consulting Inc. bought a new position in iShares S&P 500 Value ETF during the 1st quarter valued at $37,000. Morse Asset Management Inc bought a new position in iShares S&P 500 Value ETF during the 4th quarter valued at $41,000. Finally, Atala Financial Inc bought a new position in iShares S&P 500 Value ETF during the 4th quarter valued at $43,000.
iShares S&P 500 Value ETF Stock Performance
Shares of NYSEARCA IVE opened at $191.67 on Tuesday. The stock has a fifty day moving average price of $186.83 and a two-hundred day moving average price of $190.02. The firm has a market cap of $38.43 billion, a P/E ratio of 20.88 and a beta of 0.89. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year 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.
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Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report).
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