iShares S&P 500 Value ETF $IVE Stock Bought by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. lifted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.7% during the 3rd quarter, HoldingsChannel reports. The fund owned 122,587 shares of the company’s stock after buying an additional 3,177 shares during the period. iShares S&P 500 Value ETF comprises approximately 3.2% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 7th biggest holding. Physician Wealth Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $27,984,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IVE. Bank of America Corp DE increased its position in 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 worth $1,997,009,000 after acquiring an additional 182,358 shares during the period. Lido Advisors LLC boosted its holdings in iShares S&P 500 Value ETF by 4.4% in the 1st quarter. Lido Advisors LLC now owns 1,944,079 shares of the company’s stock valued at $410,493,000 after purchasing an additional 81,088 shares during the period. Royal Bank of Canada boosted its holdings in iShares S&P 500 Value ETF by 3.6% in the 1st quarter. Royal Bank of Canada now owns 1,396,602 shares of the company’s stock valued at $294,892,000 after purchasing an additional 48,869 shares during the period. Cassaday & Co Wealth Management LLC boosted its holdings in iShares S&P 500 Value ETF by 3.8% in the 1st quarter. Cassaday & Co Wealth Management LLC now owns 1,197,963 shares of the company’s stock valued at $252,950,000 after purchasing an additional 44,187 shares during the period. Finally, Sofi Wealth LLC boosted its holdings in iShares S&P 500 Value ETF by 0.4% in the 1st quarter. Sofi Wealth LLC now owns 979,965 shares of the company’s stock valued at $206,920,000 after purchasing an additional 4,340 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $237.20 on Wednesday. The firm has a market capitalization of $50.19 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. The company’s fifty day moving average is $234.41 and its two-hundred day moving average is $229.11. iShares S&P 500 Value ETF has a 52-week low of $203.15 and a 52-week 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.