IFP Advisors Inc Raises Holdings in iShares S&P 500 Value ETF $IVE

IFP Advisors Inc lifted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 44.5% during the third quarter, Holdings Channel reports. The firm owned 62,783 shares of the company’s stock after acquiring an additional 19,328 shares during the quarter. IFP Advisors Inc’s holdings in iShares S&P 500 Value ETF were worth $12,965,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the company. FLP Wealth Management LLC grew its stake in iShares S&P 500 Value ETF by 628.5% during the 3rd quarter. FLP Wealth Management LLC now owns 16,727 shares of the company’s stock worth $3,454,000 after buying an additional 14,431 shares during the last quarter. Great Point Wealth Advisors LLC purchased a new stake in iShares S&P 500 Value ETF in the third quarter valued at approximately $2,478,000. Detalus Advisors LLC lifted its stake in iShares S&P 500 Value ETF by 3.6% in the third quarter. Detalus Advisors LLC now owns 84,033 shares of the company’s stock valued at $17,354,000 after buying an additional 2,909 shares during the last quarter. Curbstone Financial Management Corp acquired a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at approximately $564,000. Finally, BIP Wealth LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 185.4% in the third quarter. BIP Wealth LLC now owns 6,001 shares of the company’s stock valued at $1,239,000 after acquiring an additional 3,898 shares during the period.

iShares S&P 500 Value ETF Trading Down 1.5%

Shares of IVE opened at $209.93 on Thursday. The company’s 50 day simple moving average is $218.05 and its 200-day simple moving average is $211.88. The firm has a market cap of $47.42 billion, a PE ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $223.05.

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. 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.