Professional Financial Advisors LLC Buys 240 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Professional Financial Advisors LLC grew its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.5% in the fourth quarter, HoldingsChannel reports. The fund owned 4,619 shares of the company’s stock after acquiring an additional 240 shares during the period. Professional Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $803,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Peoples Bank KS bought a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth approximately $25,000. Allspring Global Investments Holdings LLC grew its holdings in iShares S&P 500 Value ETF by 700.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock valued at $25,000 after purchasing an additional 140 shares during the period. Fortis Capital Advisors LLC acquired a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $28,000. First Pacific Financial acquired a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $30,000. Finally, Hibernia Wealth Partners LLC acquired a new position in iShares S&P 500 Value ETF during the third quarter valued at approximately $31,000.

iShares S&P 500 Value ETF Stock Up 0.3 %

NYSEARCA IVE traded up $0.59 during trading on Thursday, reaching $186.70. 208,208 shares of the stock traded hands, compared to its average volume of 1,058,677. The firm has a market cap of $29.52 billion, a price-to-earnings ratio of 15.85 and a beta of 0.94. The stock’s 50-day moving average price is $178.19 and its 200 day moving average price is $167.83. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $186.84.

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.