Envestnet Portfolio Solutions Inc. Grows Stake in iShares S&P 500 Value ETF $IVE

Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 47.4% in the 4th quarter, Holdings Channel reports. The firm owned 2,540,243 shares of the company’s stock after acquiring an additional 816,767 shares during the period. iShares S&P 500 Value ETF makes up 1.9% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 12th largest holding. Envestnet Portfolio Solutions Inc.’s holdings in iShares S&P 500 Value ETF were worth $538,709,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in IVE. Decker Retirement Planning Inc. bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $26,000. United Services Automobile Association purchased a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter worth approximately $26,000. Palisade Asset Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $29,000. Ransom Advisory Ltd purchased a new position in shares of iShares S&P 500 Value ETF in the fourth quarter valued at $31,000. Finally, Birchbrook Inc. bought a new stake in iShares S&P 500 Value ETF in the fourth quarter worth $31,000.

iShares S&P 500 Value ETF Stock Up 0.7%

Shares of NYSEARCA:IVE opened at $224.91 on Tuesday. The firm has a fifty day simple moving average of $216.80 and a two-hundred day simple moving average of $215.34. iShares S&P 500 Value ETF has a 52 week low of $185.34 and a 52 week high of $225.90. The stock has a market capitalization of $49.66 billion, a P/E ratio of 20.70 and a beta of 0.83.

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.