Instrumental Wealth LLC raised its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 3.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,373 shares of the company’s stock after acquiring an additional 2,024 shares during the quarter. iShares S&P 500 Value ETF accounts for about 10.1% of Instrumental Wealth LLC’s holdings, making the stock its 3rd biggest position. Instrumental Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $11,160,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Pinney & Scofield Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth approximately $26,000. IMG Wealth Management Inc. purchased a new stake in iShares S&P 500 Value ETF during the first quarter worth $34,000. SJS Investment Consulting Inc. acquired a new stake in iShares S&P 500 Value ETF in the first quarter valued at $37,000. Fourth Dimension Wealth LLC purchased a new position in shares of iShares S&P 500 Value ETF in the first quarter valued at $38,000. Finally, Morse Asset Management Inc purchased a new position in shares of iShares S&P 500 Value ETF in the fourth quarter valued at $41,000.
iShares S&P 500 Value ETF Stock Down 0.1%
NYSEARCA:IVE opened at $197.02 on Wednesday. The company has a market capitalization of $39.56 billion, a PE ratio of 20.88 and a beta of 0.94. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $206.63. The stock has a fifty day simple moving average of $188.89 and a 200-day simple moving average of $189.88.
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.
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