Powell Investment Advisors LLC Purchases 2,414 Shares of iShares S&P 500 Value ETF $IVE

Powell Investment Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 157,994 shares of the company’s stock after buying an additional 2,414 shares during the period. iShares S&P 500 Value ETF comprises about 11.5% of Powell Investment Advisors LLC’s investment portfolio, making the stock its largest holding. Powell Investment Advisors LLC owned 0.07% of iShares S&P 500 Value ETF worth $33,360,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC lifted its position in iShares S&P 500 Value ETF by 0.8% during the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after buying an additional 112 shares in the last quarter. Great Lakes Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF by 6,385.7% in the first quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after buying an additional 447 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in iShares S&P 500 Value ETF during the second quarter worth $550,000. Russell Investments Group Ltd. increased its holdings in iShares S&P 500 Value ETF by 28.8% during the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock worth $416,000 after buying an additional 477 shares during the last quarter. Finally, First Trust Advisors LP raised its position in iShares S&P 500 Value ETF by 2.8% during the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock worth $5,184,000 after acquiring an additional 731 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $227.16 on Tuesday. The stock has a market cap of $50.16 billion, a P/E ratio of 20.70 and a beta of 0.82. The company has a fifty day moving average price of $225.25 and a two-hundred day moving average price of $219.08. iShares S&P 500 Value ETF has a one year low of $193.90 and a one year high of $230.05.

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.