Davis Selected Advisers Increases Stake in iShares S&P 500 Value ETF $IVE

Davis Selected Advisers boosted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1,821.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 127,053 shares of the company’s stock after acquiring an additional 120,439 shares during the quarter. Davis Selected Advisers owned 0.06% of iShares S&P 500 Value ETF worth $26,944,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. REAP Financial Group LLC raised its position in iShares S&P 500 Value ETF by 9.7% during the third quarter. REAP Financial Group LLC now owns 542 shares of the company’s stock valued at $112,000 after acquiring an additional 48 shares in the last quarter. Bernardo Wealth Planning LLC raised its position in iShares S&P 500 Value ETF by 0.5% during the fourth quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock valued at $2,014,000 after acquiring an additional 49 shares in the last quarter. Stegner Investment Associates Inc. raised its position in iShares S&P 500 Value ETF by 0.3% during the fourth quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock valued at $3,457,000 after acquiring an additional 49 shares in the last quarter. Mainstream Capital Management LLC raised its position in iShares S&P 500 Value ETF by 4.7% during the fourth quarter. Mainstream Capital Management LLC now owns 1,164 shares of the company’s stock valued at $247,000 after acquiring an additional 52 shares in the last quarter. Finally, Rossby Financial LCC grew its holdings in iShares S&P 500 Value ETF by 7.5% in the third quarter. Rossby Financial LCC now owns 757 shares of the company’s stock valued at $157,000 after purchasing an additional 53 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.1%

Shares of IVE opened at $223.51 on Friday. iShares S&P 500 Value ETF has a 12 month low of $183.05 and a 12 month high of $225.26. The stock’s 50 day moving average is $216.09 and its two-hundred day moving average is $214.08. The firm has a market cap of $49.35 billion, a P/E ratio of 20.70 and a beta of 0.83.

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.