Sacks & Associates LLC Makes New Investment in iShares S&P 500 Value ETF $IVE

Sacks & Associates LLC acquired a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 65,210 shares of the company’s stock, valued at approximately $14,886,000. iShares S&P 500 Value ETF accounts for about 10.6% of Sacks & Associates LLC’s portfolio, making the stock its largest holding.

Several other hedge funds have also modified their holdings of IVE. Adirondack Capital Advisors LLC boosted its position in iShares S&P 500 Value ETF by 2.0% during the third quarter. Adirondack Capital Advisors LLC now owns 36,546 shares of the company’s stock worth $8,343,000 after purchasing an additional 703 shares in the last quarter. Atlas Brown Inc. raised its stake in shares of iShares S&P 500 Value ETF by 6.2% during the 3rd quarter. Atlas Brown Inc. now owns 3,106 shares of the company’s stock worth $709,000 after buying an additional 181 shares during the period. Castleview Partners LLC raised its stake in shares of iShares S&P 500 Value ETF by 34.4% during the 3rd quarter. Castleview Partners LLC now owns 4,877 shares of the company’s stock worth $1,113,000 after buying an additional 1,247 shares during the period. Balefire LLC raised its stake in shares of iShares S&P 500 Value ETF by 72.3% during the 3rd quarter. Balefire LLC now owns 27,711 shares of the company’s stock worth $6,326,000 after buying an additional 11,629 shares during the period. Finally, David J Yvars Group lifted its position in shares of iShares S&P 500 Value ETF by 15.5% during the 3rd quarter. David J Yvars Group now owns 1,342 shares of the company’s stock valued at $306,000 after buying an additional 180 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock opened at $233.02 on Friday. The stock has a market capitalization of $49.33 billion, a P/E ratio of 20.70 and a beta of 0.83. The company’s fifty day moving average price is $234.44 and its 200 day moving average price is $227.75. iShares S&P 500 Value ETF has a 1 year low of $202.45 and a 1 year high of $239.93.

About iShares S&P 500 Value ETF

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.