Legacy Financial Group LLC Boosts Stake in iShares S&P 500 Value ETF $IVE

Legacy Financial Group LLC increased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 46.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,426 shares of the company’s stock after purchasing an additional 33,019 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 2.9% of Legacy Financial Group LLC’s portfolio, making the stock its 10th biggest holding. Legacy Financial Group LLC’s holdings in iShares S&P 500 Value ETF were worth $23,081,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the stock. REAP Financial Group LLC raised its holdings in shares of iShares S&P 500 Value ETF by 9.7% in the 3rd quarter. REAP Financial Group LLC now owns 542 shares of the company’s stock worth $112,000 after purchasing an additional 48 shares during the period. Flagship Private Wealth LLC raised its holdings in shares of iShares S&P 500 Value ETF by 1.1% in the 4th quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock worth $901,000 after purchasing an additional 48 shares during the period. Patten & Patten Inc. TN raised its holdings in shares of iShares S&P 500 Value ETF by 4.8% in the 4th quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock worth $222,000 after purchasing an additional 48 shares during the period. Bernardo Wealth Planning LLC raised its holdings in shares of iShares S&P 500 Value ETF by 0.5% in the 4th quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock worth $2,014,000 after purchasing an additional 49 shares during the period. Finally, Stegner Investment Associates Inc. raised its holdings in iShares S&P 500 Value ETF by 0.3% during the 4th quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock valued at $3,457,000 after acquiring an additional 49 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $225.15 on Friday. The company’s fifty day simple moving average is $216.62 and its two-hundred day simple moving average is $215.16. iShares S&P 500 Value ETF has a 1 year low of $185.34 and a 1 year high of $225.90. The stock has a market capitalization of $49.71 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83.

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. 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.