iShares S&P 500 Value ETF (NYSEARCA:IVE) Stake Raised by Cypress Wealth Services LLC

Cypress Wealth Services LLC raised its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 46.3% during the first quarter, Holdings Channel.com reports. The firm owned 61,644 shares of the company’s stock after purchasing an additional 19,499 shares during the period. iShares S&P 500 Value ETF makes up 2.4% of Cypress Wealth Services LLC’s holdings, making the stock its 9th biggest holding. Cypress Wealth Services LLC’s holdings in iShares S&P 500 Value ETF were worth $11,748,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Envestnet Asset Management Inc. raised its stake 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 valued at $2,564,620,000 after acquiring an additional 493,784 shares during the period. Bank of America Corp DE raised its position in iShares S&P 500 Value ETF by 2.5% in the fourth quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock valued at $1,555,395,000 after purchasing an additional 200,707 shares during the period. Stifel Financial Corp raised its holdings in shares of iShares S&P 500 Value ETF by 3.5% in the 4th quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock valued at $491,832,000 after buying an additional 88,096 shares during the period. Ameriprise Financial Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 7.5% in the 4th quarter. Ameriprise Financial Inc. now owns 2,455,376 shares of the company’s stock valued at $468,171,000 after buying an additional 171,953 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 8.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after buying an additional 167,028 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.3%

IVE stock opened at $190.05 on Thursday. The company has a market capitalization of $37.91 billion, a PE ratio of 20.88 and a beta of 0.89. The business’s fifty day moving average price is $183.76 and its 200 day moving average price is $191.29. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $206.63.

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.