a16z Perennial Management L.P. Takes $4.50 Million Position in iShares S&P 500 Value ETF $IVE

a16z Perennial Management L.P. acquired a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 19,804 shares of the company’s stock, valued at approximately $4,497,000. iShares S&P 500 Value ETF accounts for about 0.4% of a16z Perennial Management L.P.’s portfolio, making the stock its 26th biggest position.

Several other institutional investors and hedge funds have also bought and sold shares of IVE. Simplex Trading LLC acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new position in iShares S&P 500 Value ETF in the 4th quarter valued at approximately $25,000. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF in the 2nd quarter worth approximately $26,000. RMG Wealth Management LLC bought a new stake in iShares S&P 500 Value ETF during the first quarter valued at $27,000. Finally, Palisade Asset Management LLC purchased a new position in iShares S&P 500 Value ETF in the 3rd quarter worth approximately $29,000.

iShares S&P 500 Value ETF Stock Up 0.0%

NYSEARCA IVE opened at $238.09 on Friday. The stock’s 50-day simple moving average is $230.47 and its two-hundred day simple moving average is $223.25. The company has a market capitalization of $50.32 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a twelve month low of $200.52 and a twelve month high of $238.37.

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.