Kovack Advisors Inc. Purchases 694 Shares of iShares S&P 500 Value ETF $IVE

Kovack Advisors Inc. lifted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 44.2% in the second quarter, HoldingsChannel reports. The firm owned 2,263 shares of the company’s stock after purchasing an additional 694 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $442,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of IVE. Envestnet Asset Management Inc. grew its stake in shares of 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 worth $3,553,106,000 after buying an additional 5,207,877 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares S&P 500 Value ETF by 5.5% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock valued at $3,387,781,000 after acquiring an additional 922,557 shares during the last quarter. Liberty Wealth Management LLC grew its position in iShares S&P 500 Value ETF by 1,324.3% in the first quarter. Liberty Wealth Management LLC now owns 845,488 shares of the company’s stock worth $161,133,000 after acquiring an additional 786,127 shares in the last quarter. CWM LLC increased its stake in iShares S&P 500 Value ETF by 24.6% during the first quarter. CWM LLC now owns 1,806,062 shares of the company’s stock worth $344,199,000 after acquiring an additional 356,756 shares during the last quarter. Finally, Cetera Investment Advisers increased its stake in iShares S&P 500 Value ETF by 20.2% during the first quarter. Cetera Investment Advisers now owns 1,960,044 shares of the company’s stock worth $373,545,000 after acquiring an additional 328,727 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $208.79 on Friday. The firm has a market capitalization of $42.36 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The business has a 50 day simple moving average of $205.61 and a 200-day simple moving average of $196.95. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $211.83.

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.