Peapack Gladstone Financial Corp lifted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 16.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 152,850 shares of the company’s stock after acquiring an additional 21,863 shares during the quarter. Peapack Gladstone Financial Corp’s holdings in iShares S&P 500 Value ETF were worth $32,414,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in IVE. Decker Retirement Planning Inc. bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $26,000. United Services Automobile Association bought a new position in shares of iShares S&P 500 Value ETF during the second quarter worth about $26,000. Palisade Asset Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter worth about $29,000. Ransom Advisory Ltd bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $31,000. Finally, Birchbrook Inc. bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $31,000.
iShares S&P 500 Value ETF Price Performance
Shares of IVE opened at $227.92 on Monday. iShares S&P 500 Value ETF has a 1 year low of $187.50 and a 1 year high of $228.95. The company has a market capitalization of $50.32 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. The business has a 50-day moving average of $219.24 and a 200-day moving average of $216.53.
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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Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report).
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