iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Purchased by Firethorn Wealth Partners LLC

Firethorn Wealth Partners LLC raised its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 32.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,501 shares of the company’s stock after acquiring an additional 6,222 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 2.3% of Firethorn Wealth Partners LLC’s holdings, making the stock its 10th biggest position. Firethorn Wealth Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $4,860,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVE. Financial Synergies Wealth Advisors Inc. grew its position in iShares S&P 500 Value ETF by 0.6% in the fourth quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock valued at $5,480,000 after purchasing an additional 160 shares in the last quarter. DAVENPORT & Co LLC lifted its position in iShares S&P 500 Value ETF by 10.9% during the 4th quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock worth $722,000 after buying an additional 372 shares in the last quarter. Equitable Trust Co. acquired a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth about $5,806,000. Ancora Advisors LLC boosted its stake in shares of iShares S&P 500 Value ETF by 6.8% during the 4th quarter. Ancora Advisors LLC now owns 5,607 shares of the company’s stock worth $1,070,000 after buying an additional 357 shares during the last quarter. Finally, Empowered Funds LLC bought a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $133,000.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $190.60 on Wednesday. The stock’s 50-day simple moving average is $183.74 and its 200 day simple moving average is $191.30. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $206.63. The company has a market cap of $38.02 billion, a P/E ratio of 20.88 and a beta of 0.89.

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.