Royal Bank of Canada Purchases 48,869 Shares of iShares S&P 500 Value ETF $IVE

Royal Bank of Canada boosted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,396,602 shares of the company’s stock after buying an additional 48,869 shares during the period. Royal Bank of Canada’s holdings in iShares S&P 500 Value ETF were worth $294,892,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of IVE. JPMorgan Chase & Co. increased its stake in iShares S&P 500 Value ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after acquiring an additional 821,872 shares during the last quarter. Morgan Stanley raised its position in iShares S&P 500 Value ETF by 7.5% during 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 in the last quarter. Wells Fargo & Company MN lifted its stake in iShares S&P 500 Value ETF by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after purchasing an additional 120,153 shares during the last quarter. Cetera Investment Advisers lifted its stake in iShares S&P 500 Value ETF by 22.5% during the fourth quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock worth $723,154,000 after purchasing an additional 627,109 shares during the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of iShares S&P 500 Value ETF by 7.6% in the 4th quarter. Stifel Financial Corp now owns 3,250,570 shares of the company’s stock valued at $689,349,000 after purchasing an additional 230,880 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $232.36 on Thursday. iShares S&P 500 Value ETF has a fifty-two week low of $193.90 and a fifty-two week high of $234.91. The stock’s fifty day moving average price is $228.64 and its two-hundred day moving average price is $221.73. The company has a market cap of $49.12 billion, a PE ratio of 20.70 and a beta of 0.82.

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.