Pettinga Financial Advisors LLC Acquires 6,648 Shares of iShares S&P 500 Value ETF $IVE

Pettinga Financial Advisors LLC boosted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.9% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 120,266 shares of the company’s stock after purchasing an additional 6,648 shares during the quarter. iShares S&P 500 Value ETF accounts for about 4.8% of Pettinga Financial Advisors LLC’s portfolio, making the stock its 5th largest holding. Pettinga Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $24,836,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. United Services Automobile Association bought a new position in shares of iShares S&P 500 Value ETF during the second quarter worth approximately $26,000. Harbor Asset Planning Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the second quarter valued at approximately $30,000. Flaharty Asset Management LLC acquired a new stake in iShares S&P 500 Value ETF during the first quarter worth approximately $33,000. Ryan Investment Management Inc. acquired a new stake in iShares S&P 500 Value ETF during the second quarter worth approximately $36,000. Finally, Tripletail Wealth Management LLC acquired a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at $37,000.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $212.77 on Friday. The firm has a market cap of $43.39 billion, a P/E ratio of 20.70 and a beta of 0.89. The business’s fifty day moving average is $210.71 and its 200-day moving average is $204.55. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $214.90.

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.