Carlton Hofferkamp & Jenks Wealth Management LLC Purchases New Position in iShares S&P 500 Value ETF $IVE

Carlton Hofferkamp & Jenks Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 2nd quarter, HoldingsChannel reports. The fund purchased 1,091 shares of the company’s stock, valued at approximately $216,000.

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 about $7,724,000. Verdence Capital Advisors LLC bought a new position in shares of iShares S&P 500 Value ETF during the first quarter worth about $206,000. Geneos Wealth Management Inc. lifted its position in shares of iShares S&P 500 Value ETF by 5.8% during the first quarter. Geneos Wealth Management Inc. now owns 45,091 shares of the company’s stock worth $8,627,000 after purchasing an additional 2,477 shares during the last quarter. Telos Capital Management Inc. lifted its position in shares of iShares S&P 500 Value ETF by 5.9% during the first quarter. Telos Capital Management Inc. now owns 16,987 shares of the company’s stock worth $3,237,000 after purchasing an additional 940 shares during the last quarter. Finally, LVZ Inc. lifted its position in shares of iShares S&P 500 Value ETF by 2.0% during the second quarter. LVZ Inc. now owns 449,606 shares of the company’s stock worth $87,862,000 after purchasing an additional 8,641 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $209.86 on Friday. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $210.37. The company’s 50-day simple moving average is $204.84 and its 200-day simple moving average is $195.58. The stock has a market capitalization of $42.59 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.