Waverly Advisors LLC Purchases 10,493 Shares of iShares S&P 500 Value ETF $IVE

Waverly Advisors LLC raised its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.1% in the 1st quarter, HoldingsChannel reports. The firm owned 217,708 shares of the company’s stock after purchasing an additional 10,493 shares during the quarter. Waverly Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $45,969,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of IVE. GC Wealth Management RIA LLC bought a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth $474,000. Compound Planning Inc. lifted its position in iShares S&P 500 Value ETF by 169.7% during the 1st quarter. Compound Planning Inc. now owns 19,227 shares of the company’s stock valued at $4,060,000 after purchasing an additional 12,099 shares during the period. Klingman & Associates LLC lifted its position in iShares S&P 500 Value ETF by 38.4% during the 1st quarter. Klingman & Associates LLC now owns 2,813 shares of the company’s stock valued at $594,000 after purchasing an additional 780 shares during the period. Modern Wealth Management LLC raised its stake in shares of iShares S&P 500 Value ETF by 11.7% during the first quarter. Modern Wealth Management LLC now owns 286,370 shares of the company’s stock worth $60,564,000 after buying an additional 29,892 shares during the last quarter. Finally, RMG Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth approximately $27,000.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $231.36 on Friday. The firm’s 50 day moving average price is $228.16 and its two-hundred day moving average price is $221.32. iShares S&P 500 Value ETF has a 52-week low of $193.90 and a 52-week high of $233.57. The stock has a market cap of $48.92 billion, a PE ratio of 20.70 and a beta of 0.82.

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.