iShares S&P 500 Value ETF $IVE Shares Purchased by Carmel Capital Partners LLC

Carmel Capital Partners LLC grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 43.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 44,153 shares of the company’s stock after acquiring an additional 13,406 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 3.6% of Carmel Capital Partners LLC’s investment portfolio, making the stock its 4th largest position. Carmel Capital Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $10,079,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Calamos Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 2,585.9% in the 1st quarter. Calamos Advisors LLC now owns 619,118 shares of the company’s stock valued at $130,727,000 after acquiring an additional 596,067 shares during the last quarter. The Manufacturers Life Insurance Company acquired a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter valued at approximately $92,702,000. Fifth Third Bancorp raised its position in shares of iShares S&P 500 Value ETF by 132.9% in the 1st quarter. Fifth Third Bancorp now owns 557,426 shares of the company’s stock valued at $117,700,000 after acquiring an additional 318,135 shares during the period. Bank of America Corp DE boosted its stake in iShares S&P 500 Value ETF by 2.0% during the 1st 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 last quarter. Finally, Kestra Advisory Services LLC boosted its stake in iShares S&P 500 Value ETF by 43.7% during the 3rd quarter. Kestra Advisory Services LLC now owns 540,689 shares of the company’s stock worth $123,428,000 after acquiring an additional 164,404 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 0.4%

iShares S&P 500 Value ETF stock traded down $0.95 during midday trading on Friday, hitting $235.53. 895,428 shares of the stock were exchanged, compared to its average volume of 935,028. The stock has a market capitalization of $50.06 billion, a PE ratio of 22.47 and a beta of 0.82. The company has a fifty day simple moving average of $234.86 and a two-hundred day simple moving average of $226.68. iShares S&P 500 Value ETF has a 52 week low of $203.15 and a 52 week high of $244.72.

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.