Rehmann Capital Advisory Group Has $135.63 Million Position in iShares S&P 500 Value ETF $IVE

Rehmann Capital Advisory Group lifted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.8% during the third quarter, HoldingsChannel.com reports. The institutional investor owned 656,319 shares of the company’s stock after buying an additional 30,316 shares during the period. iShares S&P 500 Value ETF makes up about 7.4% of Rehmann Capital Advisory Group’s portfolio, making the stock its biggest holding. Rehmann Capital Advisory Group’s holdings in iShares S&P 500 Value ETF were worth $135,627,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in IVE. Laurel Wealth Advisors LLC grew its position in iShares S&P 500 Value ETF by 19,441.2% in the second quarter. Laurel Wealth Advisors LLC now owns 1,215,465 shares of the company’s stock worth $237,526,000 after acquiring an additional 1,209,245 shares in the last quarter. Envestnet Asset Management Inc. raised its position in iShares S&P 500 Value ETF by 5.4% during the third quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock valued at $4,568,288,000 after purchasing an additional 1,137,886 shares during the period. Ameriprise Financial Inc. raised its position in iShares S&P 500 Value ETF by 19.0% during the second quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock valued at $591,818,000 after purchasing an additional 484,782 shares during the period. EP Wealth Advisors LLC lifted its stake in shares of iShares S&P 500 Value ETF by 795.8% in the 2nd quarter. EP Wealth Advisors LLC now owns 373,966 shares of the company’s stock valued at $73,081,000 after purchasing an additional 332,218 shares during the last quarter. Finally, MML Investors Services LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 19.9% in the 2nd quarter. MML Investors Services LLC now owns 1,396,052 shares of the company’s stock worth $272,817,000 after purchasing an additional 231,828 shares during the period.

iShares S&P 500 Value ETF Trading Up 0.7%

Shares of NYSEARCA IVE traded up $1.47 during trading hours on Friday, hitting $213.38. 67,792 shares of the company traded hands, compared to its average volume of 1,277,666. The stock has a market capitalization of $48.20 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The company’s 50 day moving average price is $218.25 and its 200 day moving average price is $211.58. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $223.05.

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.