GC Wealth Management RIA LLC Makes New Investment in iShares S&P 500 Value ETF $IVE

GC Wealth Management RIA LLC bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,245 shares of the company’s stock, valued at approximately $474,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of IVE. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in iShares S&P 500 Value ETF by 96.6% in the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 223,947 shares of the company’s stock valued at $47,492,000 after purchasing an additional 110,058 shares in the last quarter. FLP Wealth Management LLC lifted its position in iShares S&P 500 Value ETF by 1,182.9% during the fourth quarter. FLP Wealth Management LLC now owns 23,964 shares of the company’s stock worth $5,082,000 after purchasing an additional 22,096 shares during the period. Centurion Wealth Management LLC grew its stake in iShares S&P 500 Value ETF by 24.7% during the fourth quarter. Centurion Wealth Management LLC now owns 24,643 shares of the company’s stock worth $5,226,000 after buying an additional 4,876 shares in the last quarter. Cassilly Financial Group LLC acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter worth about $2,294,000. Finally, Tudor Investment Corp ET AL bought a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at about $3,049,000.

iShares S&P 500 Value ETF Stock Up 0.9%

IVE stock opened at $231.36 on Friday. The company’s 50-day moving average price is $228.16 and its two-hundred day moving average price is $221.32. The firm has a market cap of $48.92 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 12 month low of $193.90 and a 12 month high of $233.57.

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.