Royal Fund Management LLC Takes $645,000 Position in iShares S&P 500 Value ETF $IVE

Royal Fund Management LLC acquired a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 3,041 shares of the company’s stock, valued at approximately $645,000.

A number of other institutional investors also recently added to or reduced their stakes in IVE. United Services Automobile Association purchased a new position in iShares S&P 500 Value ETF in the second quarter valued at about $26,000. Palisade Asset Management LLC bought a new position in iShares S&P 500 Value ETF in the third quarter worth about $29,000. Ransom Advisory Ltd purchased a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at about $31,000. Center for Financial Planning Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter valued at about $32,000. Finally, Tripletail Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at about $37,000.

iShares S&P 500 Value ETF Stock Up 1.7%

Shares of iShares S&P 500 Value ETF stock opened at $211.15 on Wednesday. The firm’s 50 day moving average price is $216.74 and its 200-day moving average price is $212.33. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $223.05. The company has a market cap of $47.70 billion, a P/E ratio of 20.70 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. 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.