iShares S&P 500 Value ETF $IVE Stock: Newport Capital Group LLC Boosts Position

Newport Capital Group LLC boosted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 618.1% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 43,386 shares of the company’s stock after purchasing an additional 37,344 shares during the period. iShares S&P 500 Value ETF makes up 6.8% of Newport Capital Group LLC’s portfolio, making the stock its 5th largest position. Newport Capital Group LLC’s holdings in iShares S&P 500 Value ETF were worth $10,187,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVE. Trail Ridge Investment Advisors LLC raised its stake in shares of iShares S&P 500 Value ETF by 4.2% in the third quarter. Trail Ridge Investment Advisors LLC now owns 15,906 shares of the company’s stock valued at $3,631,000 after buying an additional 641 shares during the period. Neumann Capital Management LLC lifted its position in shares of iShares S&P 500 Value ETF by 1.7% during the third quarter. Neumann Capital Management LLC now owns 9,164 shares of the company’s stock worth $2,092,000 after acquiring an additional 155 shares in the last quarter. Activest Wealth Management boosted its holdings in shares of iShares S&P 500 Value ETF by 112.6% in the third quarter. Activest Wealth Management now owns 1,569 shares of the company’s stock worth $358,000 after acquiring an additional 831 shares during the period. Walser Wealth Management Company A Ltd Liability Co boosted its holdings in shares of iShares S&P 500 Value ETF by 16.5% in the third quarter. Walser Wealth Management Company A Ltd Liability Co now owns 1,074 shares of the company’s stock worth $245,000 after acquiring an additional 152 shares during the period. Finally, Two West Capital Advisors LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 9.2% in the third quarter. Two West Capital Advisors LLC now owns 12,536 shares of the company’s stock worth $2,875,000 after acquiring an additional 1,055 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.1%

Shares of NYSEARCA IVE traded down $0.20 during mid-day trading on Friday, hitting $235.46. The company had a trading volume of 1,226,593 shares, compared to its average volume of 938,201. The company has a market capitalization of $49.82 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 1 year low of $203.15 and a 1 year high of $239.93. The stock’s 50-day moving average price is $234.41 and its 200-day moving average price is $228.61.

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.