iShares S&P 500 Value ETF $IVE is LVZ Inc.’s 3rd Largest Position

LVZ Inc. grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.0% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 449,606 shares of the company’s stock after acquiring an additional 8,641 shares during the quarter. iShares S&P 500 Value ETF accounts for 10.5% of LVZ Inc.’s portfolio, making the stock its 3rd largest position. LVZ Inc.’s holdings in iShares S&P 500 Value ETF were worth $87,862,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of IVE. Cloud Capital Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth $27,000. Mowery & Schoenfeld Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth $29,000. Nemes Rush Group LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 625.0% during the first quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the last quarter. Flaharty Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth $33,000. Finally, IMG Wealth Management Inc. acquired a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth $34,000.

iShares S&P 500 Value ETF Stock Up 0.2%

IVE stock opened at $204.98 on Tuesday. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $206.63. The stock’s fifty day simple moving average is $200.93 and its 200-day simple moving average is $192.41. The stock has a market capitalization of $41.15 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94.

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.