Commerce Bank raised its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 11.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 10,197 shares of the company’s stock after buying an additional 1,079 shares during the period. Commerce Bank’s holdings in iShares S&P 500 Value ETF were worth $1,946,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Raymond James Financial Inc. bought a new position in shares of iShares S&P 500 Value ETF in the fourth quarter valued at $311,273,000. Envestnet Asset Management Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock worth $2,564,620,000 after acquiring an additional 493,784 shares during the last quarter. USA Financial Formulas acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth $77,191,000. Davis Selected Advisers lifted its holdings in shares of iShares S&P 500 Value ETF by 1,452.8% during the fourth quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock valued at $37,637,000 after purchasing an additional 184,477 shares during the last quarter. Finally, Inlight Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $34,223,000.
iShares S&P 500 Value ETF Trading Down 2.0 %
NYSEARCA IVE opened at $173.78 on Tuesday. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $206.63. The company has a market cap of $34.11 billion, a PE ratio of 20.32 and a beta of 0.88. The stock’s 50-day moving average price is $187.90 and its two-hundred day moving average price is $193.83.
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.
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Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report).
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