QRG Capital Management Inc. Raises Stock Holdings in iShares S&P 500 Value ETF $IVE

QRG Capital Management Inc. boosted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 48.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,714 shares of the company’s stock after buying an additional 881 shares during the period. QRG Capital Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $530,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Envestnet Asset Management Inc. raised its holdings 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 stake in 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 purchasing an additional 922,557 shares during the period. Goldman Sachs Group Inc. increased its stake in iShares S&P 500 Value ETF by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock worth $493,603,000 after purchasing an additional 105,418 shares during the period. Ameriprise Financial Inc. increased its stake in iShares S&P 500 Value ETF by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock worth $485,361,000 after purchasing an additional 90,856 shares during the period. Finally, PNC Financial Services Group Inc. increased its stake in iShares S&P 500 Value ETF by 5.3% during the first 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 during the period.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $202.52 on Friday. The firm has a market capitalization of $40.93 billion, a PE ratio of 20.70 and a beta of 0.94. The firm’s 50-day moving average is $203.21 and its two-hundred day moving average is $193.98. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $209.12.

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.