Modern Wealth Management LLC Acquires 29,892 Shares of iShares S&P 500 Value ETF $IVE

Modern Wealth Management LLC boosted its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 286,370 shares of the company’s stock after buying an additional 29,892 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 1.0% of Modern Wealth Management LLC’s investment portfolio, making the stock its 20th biggest holding. Modern Wealth Management LLC owned about 0.13% of iShares S&P 500 Value ETF worth $60,564,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of IVE. Cassaday & Co Wealth Management LLC increased its holdings in shares of 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 acquiring an additional 1,119,709 shares during the period. Morgan Stanley lifted its stake in shares of iShares S&P 500 Value ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after purchasing an additional 1,068,945 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares S&P 500 Value ETF by 4.6% during the 4th 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 during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 47.4% during the 4th 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 during the last quarter. Finally, CWM LLC boosted its position in iShares S&P 500 Value ETF by 37.5% during the fourth quarter. CWM LLC now owns 2,579,248 shares of the company’s stock valued at $546,981,000 after purchasing an additional 702,987 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

IVE opened at $229.30 on Friday. The business’s 50-day moving average is $228.00 and its two-hundred day moving average is $221.24. iShares S&P 500 Value ETF has a 1 year low of $193.90 and a 1 year high of $233.57. The firm has a market capitalization of $48.49 billion, a PE 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.