New Covenant Trust Company N.A. Purchases Shares of 1,711 iShares S&P 500 Value ETF (NYSEARCA:IVE)

New Covenant Trust Company N.A. bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,711 shares of the company’s stock, valued at approximately $323,000.

Several other hedge funds have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 3.8% during 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 period. Bank of America Corp DE increased its position in iShares S&P 500 Value ETF by 2.5% during the 4th 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 increased its position in shares of iShares S&P 500 Value ETF by 3.5% during the fourth quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock worth $491,832,000 after buying an additional 88,096 shares during the period. Ameriprise Financial Inc. lifted its stake 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 purchasing an additional 171,953 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in iShares S&P 500 Value ETF by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock worth $408,993,000 after purchasing an additional 167,028 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.7%

Shares of NYSEARCA IVE opened at $191.67 on Tuesday. The company’s fifty day simple moving average is $186.83 and its 200 day simple moving average is $190.02. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $206.63. The firm has a market cap of $38.43 billion, a PE ratio of 20.88 and a beta of 0.89.

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.