Valpey Financial Services LLC Buys Shares of 2,985 iShares S&P 500 Value ETF $IVE

Valpey Financial Services LLC acquired a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 2,985 shares of the company’s stock, valued at approximately $583,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its position in iShares S&P 500 Value ETF by 38.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock valued at $3,553,106,000 after buying an additional 5,207,877 shares during the period. JPMorgan Chase & Co. increased its position in shares of iShares S&P 500 Value ETF by 5.5% during the first quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after acquiring an additional 922,557 shares during the period. Goldman Sachs Group Inc. raised its stake in shares of iShares S&P 500 Value ETF by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock valued at $493,603,000 after acquiring an additional 105,418 shares in the last quarter. Ameriprise Financial Inc. boosted its holdings in iShares S&P 500 Value ETF by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock valued at $485,361,000 after purchasing an additional 90,856 shares during the period. Finally, PNC Financial Services Group Inc. grew its stake in iShares S&P 500 Value ETF by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,257,076 shares of the company’s stock worth $430,153,000 after purchasing an additional 114,406 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $207.84 on Monday. The business’s 50-day moving average is $202.31 and its two-hundred day moving average is $193.47. The firm has a market capitalization of $41.99 billion, a P/E 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 $208.86.

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.