PNC Financial Services Group Inc. Buys 114,406 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

PNC Financial Services Group Inc. raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.3% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,257,076 shares of the company’s stock after purchasing an additional 114,406 shares during the period. PNC Financial Services Group Inc. owned approximately 1.13% of iShares S&P 500 Value ETF worth $430,153,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of iShares S&P 500 Value ETF by 0.8% during the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after buying an additional 112 shares during the last quarter. O Shaughnessy Asset Management LLC grew its position in iShares S&P 500 Value ETF by 1.9% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 8,789 shares of the company’s stock worth $1,678,000 after buying an additional 167 shares in the last quarter. Alliancebernstein L.P. increased its stake in iShares S&P 500 Value ETF by 3.1% during the fourth quarter. Alliancebernstein L.P. now owns 41,003 shares of the company’s stock valued at $7,827,000 after acquiring an additional 1,233 shares during the period. Franklin Resources Inc. raised its holdings in iShares S&P 500 Value ETF by 50.0% in the 4th quarter. Franklin Resources Inc. now owns 46,258 shares of the company’s stock valued at $8,830,000 after acquiring an additional 15,426 shares in the last quarter. Finally, Headlands Technologies LLC lifted its position in shares of iShares S&P 500 Value ETF by 780.9% in the 4th quarter. Headlands Technologies LLC now owns 1,656 shares of the company’s stock worth $316,000 after acquiring an additional 1,468 shares during the period.

iShares S&P 500 Value ETF Trading Down 1.3%

Shares of NYSEARCA:IVE opened at $194.44 on Friday. The firm has a market capitalization of $38.90 billion, a PE ratio of 20.70 and a beta of 0.94. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $206.63. The business’s 50 day moving average is $194.37 and its 200-day moving average is $190.91.

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.