Wealth Care LLC Invests $503,000 in iShares S&P 500 Value ETF $IVE

Wealth Care LLC bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 2,381 shares of the company’s stock, valued at approximately $503,000.

A number of other hedge funds have also made changes to their positions in IVE. Cassaday & Co Wealth Management LLC increased its holdings in iShares S&P 500 Value ETF by 3,286.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock valued at $244,681,000 after purchasing an additional 1,119,709 shares in the last quarter. Morgan Stanley raised its position in iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after purchasing an additional 1,068,945 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of iShares S&P 500 Value ETF by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after purchasing an additional 821,872 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 47.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after purchasing an additional 816,767 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of iShares S&P 500 Value ETF by 40.4% in the fourth quarter. Park Avenue Securities LLC now owns 2,467,550 shares of the company’s stock worth $523,293,000 after buying an additional 710,518 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA IVE opened at $227.06 on Wednesday. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $230.05. The company has a market capitalization of $50.13 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The business has a 50-day moving average of $225.37 and a 200-day moving average of $219.18.

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.