PAX Financial Group LLC Grows Position in iShares S&P 500 Value ETF $IVE

PAX Financial Group LLC lifted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 144,883 shares of the company’s stock after purchasing an additional 4,640 shares during the quarter. iShares S&P 500 Value ETF accounts for 5.2% of PAX Financial Group LLC’s portfolio, making the stock its 2nd largest position. PAX Financial Group LLC owned about 0.07% of iShares S&P 500 Value ETF worth $30,592,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC boosted its stake in iShares S&P 500 Value ETF by 0.8% during the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after buying an additional 112 shares in the last quarter. Great Lakes Advisors LLC raised its stake in shares of iShares S&P 500 Value ETF by 6,385.7% in the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after buying an additional 447 shares in the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at $550,000. Russell Investments Group Ltd. lifted its holdings in shares of iShares S&P 500 Value ETF by 28.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock worth $416,000 after acquiring an additional 477 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of iShares S&P 500 Value ETF by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock worth $5,184,000 after acquiring an additional 731 shares during the period.

iShares S&P 500 Value ETF Stock Performance

Shares of iShares S&P 500 Value ETF stock opened at $230.20 on Friday. The firm’s 50-day simple moving average is $225.92 and its 200-day simple moving average is $219.46. iShares S&P 500 Value ETF has a twelve month low of $193.90 and a twelve month high of $230.26. The firm has a market cap of $48.32 billion, a P/E ratio of 20.70 and a beta of 0.82.

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.