Sage Investment Advisers LLC bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 18,715 shares of the company’s stock, valued at approximately $3,969,000. iShares S&P 500 Value ETF comprises approximately 3.0% of Sage Investment Advisers LLC’s holdings, making the stock its 6th biggest holding.
Other hedge funds have also made changes to their positions in the company. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $26,000. United Services Automobile Association acquired a new stake in shares of iShares S&P 500 Value ETF during the second quarter worth about $26,000. Palisade Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $29,000. Ransom Advisory Ltd acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $31,000. Finally, Birchbrook Inc. acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $31,000.
iShares S&P 500 Value ETF Stock Performance
Shares of IVE opened at $227.92 on Monday. The stock has a market capitalization of $50.32 billion, a PE ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 1 year low of $187.50 and a 1 year high of $228.95. The company’s 50-day simple moving average is $219.24 and its 200-day simple moving average is $216.53.
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.
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