Rehmann Capital Advisory Group Buys 23,850 Shares of iShares S&P 500 Value ETF $IVE

Rehmann Capital Advisory Group lifted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.3% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 740,561 shares of the company’s stock after purchasing an additional 23,850 shares during the quarter. iShares S&P 500 Value ETF comprises 7.0% of Rehmann Capital Advisory Group’s investment portfolio, making the stock its 3rd biggest holding. Rehmann Capital Advisory Group owned about 0.35% of iShares S&P 500 Value ETF worth $168,177,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its stake in iShares S&P 500 Value ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after buying an additional 821,872 shares during the period. Morgan Stanley increased its holdings in shares of iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after acquiring an additional 1,068,945 shares in the last quarter. Bank of America Corp DE increased its holdings in shares of iShares S&P 500 Value ETF by 2.0% during the first quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock valued at $1,997,009,000 after acquiring an additional 182,358 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of iShares S&P 500 Value ETF by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after purchasing an additional 120,153 shares during the period. Finally, Cetera Investment Advisers raised its position in shares of iShares S&P 500 Value ETF by 22.5% during the fourth quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock worth $723,154,000 after purchasing an additional 627,109 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.3%

NYSEARCA IVE opened at $236.53 on Tuesday. The company has a fifty day simple moving average of $232.73 and a 200 day simple moving average of $224.69. iShares S&P 500 Value ETF has a 12-month low of $201.22 and a 12-month high of $239.93. The company has a market cap of $49.99 billion, a P/E ratio of 20.70 and a beta of 0.82.

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.