Financial Solutions Advisory Group Inc. Takes $1.94 Million Position in iShares S&P 500 Value ETF $IVE

Financial Solutions Advisory Group Inc. bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 9,200 shares of the company’s stock, valued at approximately $1,943,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in IVE. Brighton Jones LLC grew its holdings in shares of iShares S&P 500 Value ETF by 0.8% during the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after purchasing an additional 112 shares in the last quarter. Great Lakes Advisors LLC lifted its position in iShares S&P 500 Value ETF by 6,385.7% in the first quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock worth $83,000 after purchasing an additional 447 shares during the period. Schnieders Capital Management LLC. acquired a new stake in iShares S&P 500 Value ETF during the second quarter worth $550,000. Russell Investments Group Ltd. boosted its stake in iShares S&P 500 Value ETF by 28.8% during the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock worth $416,000 after buying an additional 477 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings in iShares S&P 500 Value ETF by 2.8% in the 2nd quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock valued at $5,184,000 after buying an additional 731 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of iShares S&P 500 Value ETF stock opened at $231.71 on Friday. iShares S&P 500 Value ETF has a 52-week low of $193.90 and a 52-week high of $234.91. The firm has a market capitalization of $48.97 billion, a PE ratio of 20.70 and a beta of 0.82. The company’s fifty day moving average price is $228.83 and its two-hundred day moving average price is $221.90.

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.