a16z Perennial Management L.P. bought a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 19,804 shares of the company’s stock, valued at approximately $4,497,000. iShares S&P 500 Value ETF accounts for 0.4% of a16z Perennial Management L.P.’s investment portfolio, making the stock its 26th biggest holding.
Several other institutional investors have also recently added to or reduced their stakes in IVE. Simplex Trading LLC acquired a new position in iShares S&P 500 Value ETF during the 4th quarter worth $25,000. Hilton Head Capital Partners LLC bought a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $25,000. United Services Automobile Association bought a new stake in iShares S&P 500 Value ETF during the 2nd quarter worth about $26,000. RMG Wealth Management LLC bought a new position in iShares S&P 500 Value ETF in the first quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC acquired a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at about $29,000.
iShares S&P 500 Value ETF Stock Performance
NYSEARCA IVE opened at $238.09 on Friday. iShares S&P 500 Value ETF has a 52-week low of $200.52 and a 52-week high of $238.37. The firm has a 50-day moving average of $230.47 and a 200-day moving average of $223.25. The stock has a market cap of $50.32 billion, a PE ratio of 20.70 and a beta of 0.82.
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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