Orgel Wealth Management LLC Invests $1.92 Million in iShares S&P 500 Value ETF $IVE

Orgel Wealth Management LLC bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the second quarter, HoldingsChannel reports. The firm bought 8,443 shares of the company’s stock, valued at approximately $1,917,000.

Several other hedge funds also recently made changes to their positions in IVE. Ancora Advisors LLC grew its stake in iShares S&P 500 Value ETF by 12.7% in the second quarter. Ancora Advisors LLC now owns 54,668 shares of the company’s stock worth $12,413,000 after purchasing an additional 6,151 shares during the period. Flputnam Investment Management Co. lifted its position in iShares S&P 500 Value ETF by 10.7% during the second quarter. Flputnam Investment Management Co. now owns 2,578 shares of the company’s stock valued at $555,000 after buying an additional 250 shares during the period. Hsbc Holdings PLC lifted its position in iShares S&P 500 Value ETF by 50.0% during the second quarter. Hsbc Holdings PLC now owns 3,000 shares of the company’s stock valued at $681,000 after buying an additional 1,000 shares during the period. Blue Edge Capital LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at $17,424,000. Finally, First Bancorp Inc ME bought a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at $45,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $236.53 on Tuesday. The firm’s 50-day moving average price is $232.73 and its 200-day moving average price is $224.69. The company has a market capitalization of $49.99 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1-year low of $201.22 and a 1-year high of $239.93.

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.