Montecito Bank & Trust Buys New Stake in iShares S&P 500 Value ETF $IVE

Montecito Bank & Trust bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,948 shares of the company’s stock, valued at approximately $1,228,000.

A number of other large investors have also made changes to their positions in IVE. Flow Traders U.S. LLC acquired a new stake in iShares S&P 500 Value ETF in the 1st quarter worth approximately $7,724,000. American Trust purchased a new position in shares of iShares S&P 500 Value ETF in the second quarter worth $806,000. Cerity Partners LLC lifted its stake in shares of iShares S&P 500 Value ETF by 24.7% during the second quarter. Cerity Partners LLC now owns 100,448 shares of the company’s stock worth $19,630,000 after buying an additional 19,870 shares during the period. Franklin Resources Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 4.3% during the second quarter. Franklin Resources Inc. now owns 51,715 shares of the company’s stock valued at $10,106,000 after buying an additional 2,115 shares during the last quarter. Finally, Americana Partners LLC grew its holdings in shares of iShares S&P 500 Value ETF by 170.7% during the second quarter. Americana Partners LLC now owns 4,090 shares of the company’s stock valued at $799,000 after buying an additional 2,579 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $211.23 on Friday. The business has a fifty day moving average of $209.27 and a 200 day moving average of $202.77. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $214.90. The firm has a market capitalization of $43.08 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89.

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.