Daviman Financial LLC Invests $10.60 Million in iShares S&P 500 Value ETF $IVE

Daviman Financial LLC bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 49,996 shares of the company’s stock, valued at approximately $10,603,000. iShares S&P 500 Value ETF makes up about 6.2% of Daviman Financial LLC’s investment portfolio, making the stock its 3rd biggest position.

Other large investors also recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in iShares S&P 500 Value ETF by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock valued at $4,568,288,000 after buying an additional 1,137,886 shares in the last quarter. Cassaday & Co Wealth Management LLC boosted its stake in iShares S&P 500 Value ETF by 3,286.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock valued at $244,681,000 after buying an additional 1,119,709 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in iShares S&P 500 Value ETF by 47.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock valued at $538,709,000 after buying an additional 816,767 shares in the last quarter. Park Avenue Securities LLC boosted its stake in iShares S&P 500 Value ETF by 40.4% in the fourth quarter. Park Avenue Securities LLC now owns 2,467,550 shares of the company’s stock valued at $523,293,000 after buying an additional 710,518 shares in the last quarter. Finally, CWM LLC boosted its stake in iShares S&P 500 Value ETF by 37.5% in the fourth quarter. CWM LLC now owns 2,579,248 shares of the company’s stock valued at $546,981,000 after buying an additional 702,987 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.8%

NYSEARCA:IVE opened at $228.03 on Friday. The stock’s 50-day simple moving average is $217.64 and its 200 day simple moving average is $215.78. The firm has a market capitalization of $50.35 billion, a PE ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a twelve month low of $185.34 and a twelve month high of $228.50.

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.