Morton Capital Management LLC CA Makes New Investment in iShares S&P 500 Value ETF $IVE

Morton Capital Management LLC CA bought a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,916 shares of the company’s stock, valued at approximately $602,000.

A number of other hedge funds have also recently made changes to their positions in the stock. United Services Automobile Association bought a new position in iShares S&P 500 Value ETF during the 2nd quarter valued at approximately $26,000. Harbor Asset Planning Inc. bought a new stake in iShares S&P 500 Value ETF in the second quarter worth $30,000. Flaharty Asset Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the first quarter worth $33,000. Ryan Investment Management Inc. bought a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at $36,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at $37,000.

iShares S&P 500 Value ETF Price Performance

IVE opened at $217.40 on Friday. The firm has a market cap of $49.21 billion, a PE ratio of 20.70 and a beta of 0.89. The stock has a 50-day moving average price of $211.31 and a 200-day moving average price of $205.33. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $217.69.

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.