Horizon Wealth Management LLC Acquires Shares of 189,783 iShares S&P 500 Value ETF (NYSEARCA:IVE)

Horizon Wealth Management LLC acquired a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the first quarter, Holdings Channel.com reports. The institutional investor acquired 189,783 shares of the company’s stock, valued at approximately $36,169,000. iShares S&P 500 Value ETF accounts for approximately 6.1% of Horizon Wealth Management LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Family Firm Inc. lifted its position in shares of iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Family Firm Inc. now owns 10,464 shares of the company’s stock valued at $1,998,000 after acquiring an additional 57 shares during the period. Realta Investment Advisors lifted its position in shares of iShares S&P 500 Value ETF by 4.8% during the 4th quarter. Realta Investment Advisors now owns 1,322 shares of the company’s stock valued at $253,000 after acquiring an additional 60 shares during the period. Lifeworks Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 2.6% during the 4th quarter. Lifeworks Advisors LLC now owns 2,390 shares of the company’s stock valued at $456,000 after acquiring an additional 60 shares during the period. Perennial Investment Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 1.0% during the 4th quarter. Perennial Investment Advisors LLC now owns 6,143 shares of the company’s stock valued at $1,173,000 after acquiring an additional 62 shares during the period. Finally, Ellis Investment Partners LLC lifted its position in shares of iShares S&P 500 Value ETF by 0.4% during the 4th quarter. Ellis Investment Partners LLC now owns 15,647 shares of the company’s stock valued at $2,987,000 after acquiring an additional 64 shares during the period.

iShares S&P 500 Value ETF Trading Up 0.8%

IVE stock opened at $191.34 on Friday. The firm has a 50 day moving average of $183.77 and a 200-day moving average of $191.16. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $206.63. The company has a market cap of $38.17 billion, a price-to-earnings ratio of 20.88 and a beta of 0.89.

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.