Schnieders Capital Management LLC Purchases Shares of 2,816 iShares S&P 500 Value ETF $IVE

Schnieders Capital Management LLC purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the second quarter, HoldingsChannel reports. The institutional investor purchased 2,816 shares of the company’s stock, valued at approximately $550,000.

A number of other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 38.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock worth $3,553,106,000 after acquiring an additional 5,207,877 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in iShares S&P 500 Value ETF by 5.5% during the first quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after purchasing an additional 922,557 shares during the last quarter. Liberty Wealth Management LLC grew its position in iShares S&P 500 Value ETF by 1,324.3% in the first quarter. Liberty Wealth Management LLC now owns 845,488 shares of the company’s stock valued at $161,133,000 after purchasing an additional 786,127 shares in the last quarter. CWM LLC grew its position in iShares S&P 500 Value ETF by 24.6% in the first quarter. CWM LLC now owns 1,806,062 shares of the company’s stock valued at $344,199,000 after purchasing an additional 356,756 shares in the last quarter. Finally, Cetera Investment Advisers lifted its position in iShares S&P 500 Value ETF by 20.2% during the 1st quarter. Cetera Investment Advisers now owns 1,960,044 shares of the company’s stock worth $373,545,000 after buying an additional 328,727 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

iShares S&P 500 Value ETF stock opened at $206.01 on Monday. The company has a market cap of $41.66 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94. The firm has a 50-day moving average of $204.05 and a 200-day moving average of $194.59. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $209.12.

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.