Petersen Hastings Wealth Advisors Inc. purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 33,867 shares of the company’s stock, valued at approximately $7,182,000. iShares S&P 500 Value ETF accounts for 0.7% of Petersen Hastings Wealth Advisors Inc.’s holdings, making the stock its 14th largest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Decker Retirement Planning Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $26,000. United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter worth $26,000. Palisade Asset Management LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth $29,000. Ransom Advisory Ltd purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $31,000. Finally, Birchbrook Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $31,000.
iShares S&P 500 Value ETF Stock Up 0.9%
IVE opened at $229.17 on Friday. iShares S&P 500 Value ETF has a 52 week low of $189.34 and a 52 week high of $229.53. The business has a fifty day simple moving average of $220.71 and a 200-day simple moving average of $217.01. The firm has a market cap of $50.60 billion, a P/E ratio of 20.70 and a beta of 0.82.
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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