Scarborough Advisors LLC purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) in the first quarter, Holdings Channel reports. The fund purchased 91,539 shares of the company’s stock, valued at approximately $19,329,000. iShares S&P 500 Value ETF accounts for approximately 2.1% of Scarborough Advisors LLC’s portfolio, making the stock its 15th biggest position.
Several other institutional investors have also made changes to their positions in the stock. Simplex Trading LLC purchased a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at $26,000. United Services Automobile Association acquired a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at $26,000. Finally, Palisade Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at $29,000.
iShares S&P 500 Value ETF Price Performance
iShares S&P 500 Value ETF stock opened at $231.15 on Monday. iShares S&P 500 Value ETF has a 12 month low of $193.90 and a 12 month high of $233.58. The stock has a market cap of $48.88 billion, a P/E ratio of 20.70 and a beta of 0.82. The company’s fifty day simple moving average is $227.57 and its 200-day simple moving average is $220.75.
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. 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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