Morse Asset Management Inc Makes New Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Morse Asset Management Inc purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 214 shares of the company’s stock, valued at approximately $41,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Franklin Resources Inc. raised its holdings in iShares S&P 500 Value ETF by 25.5% during the 3rd quarter. Franklin Resources Inc. now owns 30,832 shares of the company’s stock worth $6,370,000 after buying an additional 6,257 shares during the period. Capital Investment Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at approximately $257,000. Salem Investment Counselors Inc. boosted its stake in iShares S&P 500 Value ETF by 1.5% in the 4th quarter. Salem Investment Counselors Inc. now owns 11,439 shares of the company’s stock worth $2,183,000 after purchasing an additional 169 shares during the period. Cooper Financial Group grew its position in iShares S&P 500 Value ETF by 35.7% during the 4th quarter. Cooper Financial Group now owns 5,075 shares of the company’s stock worth $969,000 after purchasing an additional 1,334 shares in the last quarter. Finally, First Financial Corp IN acquired a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at $70,000.

iShares S&P 500 Value ETF Stock Down 0.3%

Shares of iShares S&P 500 Value ETF stock opened at $189.63 on Wednesday. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $206.63. The stock has a market cap of $37.79 billion, a PE ratio of 21.18 and a beta of 0.89. The business has a fifty day simple moving average of $184.05 and a 200-day simple moving average of $192.28.

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.