Miracle Mile Advisors LLC Has $137.88 Million Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Miracle Mile Advisors LLC increased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.7% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 723,475 shares of the company’s stock after buying an additional 26,041 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 2.8% of Miracle Mile Advisors LLC’s portfolio, making the stock its 9th biggest position. Miracle Mile Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $137,880,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth approximately $311,273,000. Envestnet Asset Management Inc. grew its position in 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 purchasing an additional 493,784 shares during the period. GAMMA Investing LLC grew its holdings in shares of iShares S&P 500 Value ETF by 18,958.0% in the first quarter. GAMMA Investing LLC now owns 477,975 shares of the company’s stock worth $91,092,000 after acquiring an additional 475,467 shares during the period. Lido Advisors LLC grew its holdings in shares of iShares S&P 500 Value ETF by 46.5% in the fourth quarter. Lido Advisors LLC now owns 1,414,358 shares of the company’s stock worth $269,973,000 after acquiring an additional 448,773 shares during the period. Finally, The Manufacturers Life Insurance Company bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth $41,692,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE opened at $191.34 on Friday. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $206.63. The firm has a market capitalization of $38.17 billion, a P/E ratio of 20.88 and a beta of 0.89. The business has a fifty day moving average of $183.77 and a 200 day moving average of $191.10.

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.