HighMark Wealth Management LLC Increases Position in iShares S&P 500 Value ETF $IVE

HighMark Wealth Management LLC increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2,560.2% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,879 shares of the company’s stock after buying an additional 5,658 shares during the period. iShares S&P 500 Value ETF comprises 0.6% of HighMark Wealth Management LLC’s portfolio, making the stock its 23rd largest holding. HighMark Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $1,149,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC purchased a new position in iShares S&P 500 Value ETF in the 1st quarter valued at approximately $7,724,000. Verdence Capital Advisors LLC acquired a new stake in iShares S&P 500 Value ETF in the first quarter valued at $206,000. Geneos Wealth Management Inc. increased its position in shares of iShares S&P 500 Value ETF by 5.8% in the first quarter. Geneos Wealth Management Inc. now owns 45,091 shares of the company’s stock valued at $8,627,000 after buying an additional 2,477 shares in the last quarter. Telos Capital Management Inc. increased its position in shares of iShares S&P 500 Value ETF by 5.9% in the first quarter. Telos Capital Management Inc. now owns 16,987 shares of the company’s stock valued at $3,237,000 after buying an additional 940 shares in the last quarter. Finally, LVZ Inc. raised its stake in shares of iShares S&P 500 Value ETF by 2.0% during the 2nd quarter. LVZ Inc. now owns 449,606 shares of the company’s stock worth $87,862,000 after buying an additional 8,641 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $207.03 on Friday. The company’s 50-day moving average price is $202.16 and its 200 day moving average price is $193.30. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $207.36. The stock has a market cap of $41.56 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94.

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.