Kwmg LLC raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 6.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 132,262 shares of the company’s stock after buying an additional 8,489 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 2.2% of Kwmg LLC’s investment portfolio, making the stock its 13th largest position. Kwmg LLC owned about 0.06% of iShares S&P 500 Value ETF worth $30,031,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Simplex Trading LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC acquired a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at about $25,000. RMG Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter valued at $27,000. Decker Retirement Planning Inc. purchased a new stake in iShares S&P 500 Value ETF during the fourth quarter worth approximately $26,000. Finally, United Services Automobile Association acquired a new position in iShares S&P 500 Value ETF in the second quarter valued at $26,000.
iShares S&P 500 Value ETF Trading Up 0.5%
Shares of IVE opened at $235.78 on Friday. iShares S&P 500 Value ETF has a 12-month low of $197.66 and a 12-month high of $236.39. The firm has a market cap of $49.83 billion, a PE ratio of 20.70 and a beta of 0.82. The company’s 50 day simple moving average is $229.51 and its 200-day simple moving average is $222.52.
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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.
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