Powell Investment Advisors LLC lifted its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 1.6% in the 1st quarter, HoldingsChannel.com reports. The fund owned 157,994 shares of the company’s stock after purchasing an additional 2,414 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 11.5% of Powell Investment Advisors LLC’s holdings, making the stock its biggest position. Powell Investment Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $33,360,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its holdings in iShares S&P 500 Value ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after purchasing an additional 821,872 shares during the last quarter. Morgan Stanley increased its holdings in shares of iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after purchasing an additional 1,068,945 shares during the last quarter. Bank of America Corp DE increased its holdings in shares of iShares S&P 500 Value ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock valued at $1,734,056,000 after purchasing an additional 72,040 shares during the last quarter. Wells Fargo & Company MN increased its holdings in shares of iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock valued at $1,328,436,000 after purchasing an additional 120,153 shares during the last quarter. Finally, UBS Group AG raised its position in shares of iShares S&P 500 Value ETF by 1.0% in the third quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock valued at $744,423,000 after purchasing an additional 37,372 shares during the period.
iShares S&P 500 Value ETF Stock Performance
NYSEARCA IVE opened at $227.16 on Tuesday. The stock has a market cap of $50.16 billion, a PE ratio of 20.70 and a beta of 0.82. The firm has a 50-day moving average of $225.25 and a 200-day moving average of $219.08. iShares S&P 500 Value ETF has a 52-week low of $193.90 and a 52-week high of $230.05.
About iShares S&P 500 Value ETF
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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.
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