iShares S&P 500 Value ETF (NYSEARCA:IVE) Stock Position Increased by Home Federal Bank of Tennessee

Home Federal Bank of Tennessee increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 391,037 shares of the company’s stock after buying an additional 5,063 shares during the period. iShares S&P 500 Value ETF accounts for 22.0% of Home Federal Bank of Tennessee’s holdings, making the stock its 2nd biggest position. Home Federal Bank of Tennessee’s holdings in iShares S&P 500 Value ETF were worth $74,524,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Family Firm Inc. raised its position in iShares S&P 500 Value ETF by 0.5% during the fourth quarter. Family Firm Inc. now owns 10,464 shares of the company’s stock worth $1,998,000 after acquiring an additional 57 shares during the period. Lifeworks Advisors LLC raised its position in iShares S&P 500 Value ETF by 2.6% during the fourth quarter. Lifeworks Advisors LLC now owns 2,390 shares of the company’s stock worth $456,000 after acquiring an additional 60 shares during the period. Perennial Investment Advisors LLC raised its position in iShares S&P 500 Value ETF by 1.0% during the fourth quarter. Perennial Investment Advisors LLC now owns 6,143 shares of the company’s stock worth $1,173,000 after acquiring an additional 62 shares during the period. Ellis Investment Partners LLC raised its position in iShares S&P 500 Value ETF by 0.4% during the fourth quarter. Ellis Investment Partners LLC now owns 15,647 shares of the company’s stock worth $2,987,000 after acquiring an additional 64 shares during the period. Finally, Beacon Financial Group raised its position in iShares S&P 500 Value ETF by 1.3% during the first quarter. Beacon Financial Group now owns 5,307 shares of the company’s stock worth $1,011,000 after acquiring an additional 66 shares during the period.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $191.80 on Tuesday. The company has a fifty day moving average of $183.78 and a two-hundred day moving average of $190.94. The stock has a market capitalization of $38.26 billion, a PE ratio of 20.88 and a beta of 0.89. iShares S&P 500 Value ETF has a fifty-two week low of $165.45 and a fifty-two week high of $206.63.

iShares S&P 500 Value ETF 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.