Greenwood Gearhart Inc. Purchases New Shares in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Greenwood Gearhart Inc. acquired a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,763 shares of the company’s stock, valued at approximately $718,000.

Several other hedge funds have also made changes to their positions in IVE. World Investment Advisors LLC grew its position in iShares S&P 500 Value ETF by 1,511.5% in the 3rd quarter. World Investment Advisors LLC now owns 112,303 shares of the company’s stock valued at $22,220,000 after buying an additional 105,334 shares during the last quarter. Broadview Financial Management LLC increased its position in iShares S&P 500 Value ETF by 2.4% during the 3rd quarter. Broadview Financial Management LLC now owns 60,473 shares of the company’s stock worth $11,923,000 after purchasing an additional 1,422 shares during the period. Wilmington Savings Fund Society FSB boosted its stake in shares of iShares S&P 500 Value ETF by 1,497.9% in the third quarter. Wilmington Savings Fund Society FSB now owns 67,351 shares of the company’s stock valued at $13,280,000 after buying an additional 63,136 shares in the last quarter. Peapack Gladstone Financial Corp lifted its holdings in iShares S&P 500 Value ETF by 7.0% in the third quarter. Peapack Gladstone Financial Corp now owns 108,344 shares of the company’s stock valued at $21,361,000 after acquiring an additional 7,046 shares during the period. Finally, Franklin Resources Inc. grew its stake in shares of iShares S&P 500 Value ETF by 25.5% during the 3rd quarter. Franklin Resources Inc. now owns 30,832 shares of the company’s stock worth $6,370,000 after purchasing an additional 6,257 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.4 %

IVE stock opened at $179.57 on Wednesday. The firm has a 50 day moving average of $189.43 and a 200-day moving average of $194.41. The company has a market cap of $35.25 billion, a price-to-earnings ratio of 20.32 and a beta of 0.88. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $206.63.

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.