Gallagher Capital Advisors LLC raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 3,223.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 158,615 shares of the company’s stock after acquiring an additional 153,842 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 20.7% of Gallagher Capital Advisors LLC’s investment portfolio, making the stock its biggest holding. Gallagher Capital Advisors LLC owned approximately 0.07% of iShares S&P 500 Value ETF worth $33,492,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the stock. Simplex Trading LLC bought a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $25,000. Decker Retirement Planning Inc. acquired a new position in iShares S&P 500 Value ETF during the 4th quarter worth $26,000. United Services Automobile Association acquired a new position in iShares S&P 500 Value ETF during the 2nd quarter worth $26,000. Finally, Palisade Asset Management LLC acquired a new position in iShares S&P 500 Value ETF during the 3rd quarter worth $29,000.
iShares S&P 500 Value ETF Stock Performance
Shares of IVE opened at $230.25 on Thursday. The business’s fifty day moving average price is $227.26 and its two-hundred day moving average price is $220.50. The firm has a market capitalization of $48.65 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 52 week low of $193.90 and a 52 week high of $232.28.
iShares S&P 500 Value ETF Company 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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