Kovack Advisors Inc. Purchases 694 Shares of iShares S&P 500 Value ETF $IVE

Kovack Advisors Inc. lifted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 44.2% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,263 shares of the company’s stock after buying an additional 694 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $442,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the business. Cloud Capital Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the first quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new position in iShares S&P 500 Value ETF in the 1st quarter worth approximately $29,000. Harbor Asset Planning Inc. purchased a new position in iShares S&P 500 Value ETF in the 2nd quarter worth approximately $30,000. Nemes Rush Group LLC grew its holdings in iShares S&P 500 Value ETF by 625.0% during the 1st quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock valued at $33,000 after buying an additional 150 shares in the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in shares of iShares S&P 500 Value ETF during the first quarter valued at approximately $33,000.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $208.79 on Friday. The stock has a market capitalization of $42.36 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The company has a fifty day moving average of $205.61 and a 200 day moving average of $196.95. iShares S&P 500 Value ETF has a fifty-two week low of $165.45 and a fifty-two week high of $211.83.

iShares S&P 500 Value ETF 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.