Bank of Stockton Boosts Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Bank of Stockton boosted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 57,195 shares of the company’s stock after purchasing an additional 2,934 shares during the period. iShares S&P 500 Value ETF comprises 3.5% of Bank of Stockton’s investment portfolio, making the stock its 5th largest position. Bank of Stockton’s holdings in iShares S&P 500 Value ETF were worth $10,900,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in shares of iShares S&P 500 Value ETF by 3.8% in the fourth 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 period. Bank of America Corp DE grew its holdings in 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 acquiring an additional 200,707 shares during the last quarter. Stifel Financial Corp increased its position in shares of iShares S&P 500 Value ETF by 3.5% in the fourth quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock valued at $491,832,000 after acquiring an additional 88,096 shares during the period. Ameriprise Financial Inc. raised its stake in shares of iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,455,376 shares of the company’s stock valued at $468,171,000 after acquiring an additional 171,953 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of iShares S&P 500 Value ETF by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after acquiring an additional 167,028 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $192.51 on Thursday. iShares S&P 500 Value ETF has a fifty-two week low of $165.45 and a fifty-two week high of $206.63. The firm has a market cap of $38.60 billion, a P/E ratio of 20.88 and a beta of 0.89. The business’s 50 day moving average price is $187.41 and its 200-day moving average price is $190.06.

iShares S&P 500 Value ETF Company 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.