Raymond James Financial Services Advisors Inc. Increases Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Raymond James Financial Services Advisors Inc. grew its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 17.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 856,580 shares of the company’s stock after buying an additional 124,854 shares during the period. Raymond James Financial Services Advisors Inc. owned approximately 0.48% of iShares S&P 500 Value ETF worth $160,018,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC raised its stake in shares of iShares S&P 500 Value ETF by 17,397.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,119,109 shares of the company’s stock worth $194,602,000 after acquiring an additional 1,112,713 shares in the last quarter. CWM LLC raised its position in iShares S&P 500 Value ETF by 228.4% in the 1st quarter. CWM LLC now owns 1,496,348 shares of the company’s stock worth $279,533,000 after purchasing an additional 1,040,767 shares during the period. Park Avenue Securities LLC lifted its stake in iShares S&P 500 Value ETF by 1,337.4% in the first quarter. Park Avenue Securities LLC now owns 902,534 shares of the company’s stock worth $168,602,000 after purchasing an additional 839,744 shares during the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in iShares S&P 500 Value ETF during the third quarter valued at about $93,051,000. Finally, The Manufacturers Life Insurance Company boosted its holdings in iShares S&P 500 Value ETF by 82.2% during the 4th quarter. The Manufacturers Life Insurance Company now owns 985,628 shares of the company’s stock valued at $171,391,000 after acquiring an additional 444,534 shares during the period.

iShares S&P 500 Value ETF Price Performance

iShares S&P 500 Value ETF stock traded down $2.12 during trading hours on Tuesday, reaching $178.79. The company had a trading volume of 381,048 shares, compared to its average volume of 949,184. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24. The company has a 50-day moving average price of $181.49 and a 200 day moving average price of $172.27. The firm has a market cap of $32.03 billion, a price-to-earnings ratio of 23.38 and a beta of 0.84.

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.