iShares S&P 500 Value ETF $IVE is Sovran Advisors LLC’s 9th Largest Position

Sovran Advisors LLC increased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 29.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,275 shares of the company’s stock after buying an additional 17,668 shares during the period. iShares S&P 500 Value ETF accounts for about 1.4% of Sovran Advisors LLC’s holdings, making the stock its 9th largest holding. Sovran Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $16,307,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in IVE. United Services Automobile Association purchased a new stake in shares of iShares S&P 500 Value ETF in the second quarter worth $26,000. Harbor Asset Planning Inc. bought a new position in iShares S&P 500 Value ETF in the 2nd quarter worth about $30,000. Tripletail Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at about $37,000. Rossmore Private Capital bought a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at about $44,000. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at about $57,000.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $216.35 on Monday. The firm’s 50 day moving average price is $212.82 and its 200-day moving average price is $206.91. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $218.44. The company has a market cap of $48.91 billion, a PE ratio of 20.70 and a beta of 0.89.

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. 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.