Sage Financial Group Inc. Invests $217,000 in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Sage Financial Group Inc. acquired a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 1,248 shares of the company’s stock, valued at approximately $217,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Moneta Group Investment Advisors LLC grew its stake in iShares S&P 500 Value ETF by 106,784.6% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 135,983,973 shares of the company’s stock valued at $19,727,195,000 after purchasing an additional 135,856,748 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in iShares S&P 500 Value ETF by 4.5% in the first quarter. Goldman Sachs Group Inc. now owns 3,074,178 shares of the company’s stock valued at $478,711,000 after purchasing an additional 133,228 shares in the last quarter. Stifel Financial Corp grew its stake in iShares S&P 500 Value ETF by 1.3% in the third quarter. Stifel Financial Corp now owns 2,170,089 shares of the company’s stock valued at $333,847,000 after purchasing an additional 28,499 shares in the last quarter. LPL Financial LLC grew its stake in iShares S&P 500 Value ETF by 1.3% in the third quarter. LPL Financial LLC now owns 1,940,992 shares of the company’s stock valued at $298,602,000 after purchasing an additional 23,973 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in shares of iShares S&P 500 Value ETF by 4.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,490,065 shares of the company’s stock worth $229,232,000 after acquiring an additional 63,793 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.3 %

Shares of NYSEARCA IVE traded up $0.59 during midday trading on Thursday, hitting $186.70. 332,754 shares of the company’s stock were exchanged, compared to its average volume of 1,060,897. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $186.84. The company’s 50 day moving average price is $178.19 and its 200 day moving average price is $167.83. The firm has a market capitalization of $29.52 billion, a PE ratio of 15.85 and a beta of 0.94.

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.