Modern Wealth Management LLC Grows Stake in iShares S&P 500 Value ETF $IVE

Modern Wealth Management LLC raised its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.7% during the first quarter, HoldingsChannel.com reports. The firm owned 286,370 shares of the company’s stock after buying an additional 29,892 shares during the period. iShares S&P 500 Value ETF accounts for 1.0% of Modern Wealth Management LLC’s portfolio, making the stock its 20th biggest position. Modern Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $60,564,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Cassaday & Co Wealth Management LLC grew its stake in iShares S&P 500 Value ETF by 3,286.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after buying an additional 1,119,709 shares during the last quarter. Morgan Stanley increased its position in iShares S&P 500 Value ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after buying an additional 1,068,945 shares in the last quarter. JPMorgan Chase & Co. raised its stake in iShares S&P 500 Value ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after buying an additional 821,872 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its stake in iShares S&P 500 Value ETF by 47.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock valued at $538,709,000 after buying an additional 816,767 shares during the last quarter. Finally, CWM LLC boosted its holdings in iShares S&P 500 Value ETF by 37.5% in the fourth quarter. CWM LLC now owns 2,579,248 shares of the company’s stock worth $546,981,000 after acquiring an additional 702,987 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $229.30 on Friday. iShares S&P 500 Value ETF has a fifty-two week low of $193.90 and a fifty-two week high of $233.57. The firm has a market capitalization of $48.49 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The stock’s 50-day simple moving average is $228.00 and its 200-day simple moving average is $221.24.

iShares S&P 500 Value ETF 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.