HighMark Wealth Management LLC Grows Position in iShares S&P 500 Value ETF $IVE

HighMark Wealth Management LLC raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2,560.2% in the second quarter, HoldingsChannel.com reports. The fund owned 5,879 shares of the company’s stock after purchasing an additional 5,658 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 0.6% of HighMark Wealth Management LLC’s portfolio, making the stock its 23rd biggest position. HighMark Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Brighton Jones LLC lifted its holdings in iShares S&P 500 Value ETF by 0.8% in the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after purchasing an additional 112 shares in the last quarter. Millennium Management LLC raised its position in shares of iShares S&P 500 Value ETF by 101.3% in the fourth quarter. Millennium Management LLC now owns 3,334 shares of the company’s stock valued at $636,000 after buying an additional 1,678 shares during the last quarter. NBC Securities Inc. raised its position in shares of iShares S&P 500 Value ETF by 104,350.0% in the first quarter. NBC Securities Inc. now owns 2,089 shares of the company’s stock valued at $398,000 after buying an additional 2,087 shares during the last quarter. Apella Capital LLC lifted its stake in shares of iShares S&P 500 Value ETF by 5.4% during the first quarter. Apella Capital LLC now owns 3,896 shares of the company’s stock valued at $705,000 after buying an additional 200 shares during the period. Finally, Beacon Financial Group boosted its position in iShares S&P 500 Value ETF by 1.3% during the first quarter. Beacon Financial Group now owns 5,307 shares of the company’s stock worth $1,011,000 after acquiring an additional 66 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $207.03 on Friday. The company has a 50 day moving average price of $202.16 and a two-hundred day moving average price of $193.30. The stock has a market capitalization of $41.56 billion, a P/E ratio of 20.70 and a beta of 0.94. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $207.36.

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.