MV Capital Management Inc. Buys New Position in iShares S&P 500 Value ETF $IVE

MV Capital Management Inc. purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 104,391 shares of the company’s stock, valued at approximately $22,138,000. iShares S&P 500 Value ETF comprises 2.1% of MV Capital Management Inc.’s holdings, making the stock its 9th biggest holding.

Several other institutional investors also recently added to or reduced their stakes in IVE. Simplex Trading LLC purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. acquired a new stake in iShares S&P 500 Value ETF during the 4th quarter worth $26,000. United Services Automobile Association acquired a new stake in iShares S&P 500 Value ETF during the 2nd quarter worth $26,000. Finally, Palisade Asset Management LLC acquired a new stake in iShares S&P 500 Value ETF during the 3rd quarter worth $29,000.

iShares S&P 500 Value ETF Stock Performance

Shares of iShares S&P 500 Value ETF stock opened at $226.38 on Friday. The company has a market capitalization of $49.98 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1 year low of $189.67 and a 1 year high of $230.05. The company’s fifty day moving average is $223.94 and its two-hundred day moving average is $218.35.

iShares S&P 500 Value ETF 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.