Gateway Wealth Partners LLC Buys 60,395 Shares of iShares S&P 500 Value ETF $IVE

Gateway Wealth Partners LLC grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 160.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 98,088 shares of the company’s stock after buying an additional 60,395 shares during the period. iShares S&P 500 Value ETF accounts for approximately 0.8% of Gateway Wealth Partners LLC’s portfolio, making the stock its 23rd largest holding. Gateway Wealth Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $20,711,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of IVE. Brighton Jones LLC boosted its stake in iShares S&P 500 Value ETF by 0.8% in the fourth 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 lifted its stake in 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 worth $83,000 after acquiring an additional 447 shares during the period. Schnieders Capital Management LLC. purchased a new stake in shares of iShares S&P 500 Value ETF in the 2nd quarter worth about $550,000. Russell Investments Group Ltd. boosted its position in iShares S&P 500 Value ETF by 28.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock valued at $416,000 after acquiring an additional 477 shares in the last quarter. Finally, First Trust Advisors LP grew its stake in iShares S&P 500 Value ETF by 2.8% in the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock worth $5,184,000 after purchasing an additional 731 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA IVE opened at $231.36 on Monday. iShares S&P 500 Value ETF has a 1 year low of $193.90 and a 1 year high of $233.57. The firm has a 50-day moving average of $228.16 and a 200 day moving average of $221.36. The stock has a market cap of $48.92 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.