iShares S&P 500 Value ETF (NYSEARCA:IVE) is Instrumental Wealth LLC’s 3rd Largest Position

Instrumental Wealth LLC grew its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 61,373 shares of the company’s stock after acquiring an additional 2,024 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 10.1% of Instrumental Wealth LLC’s portfolio, making the stock its 3rd biggest holding. Instrumental Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $11,160,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVE. Pinney & Scofield Inc. acquired a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter worth about $26,000. IMG Wealth Management Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the first quarter valued at approximately $34,000. SJS Investment Consulting Inc. acquired a new stake in iShares S&P 500 Value ETF during the first quarter worth approximately $37,000. Fourth Dimension Wealth LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter worth approximately $38,000. Finally, Morse Asset Management Inc purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth $41,000.

iShares S&P 500 Value ETF Trading Down 0.1%

IVE stock opened at $197.02 on Wednesday. The company has a market cap of $39.56 billion, a PE ratio of 20.88 and a beta of 0.94. The stock has a 50-day moving average price of $188.89 and a two-hundred day moving average price of $189.88. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $206.63.

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.