Southern Capital Advisors LLC Purchases 557 Shares of iShares S&P 500 Value ETF $IVE

Southern Capital Advisors LLC boosted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.2% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 17,958 shares of the company’s stock after acquiring an additional 557 shares during the quarter. iShares S&P 500 Value ETF makes up about 1.8% of Southern Capital Advisors LLC’s portfolio, making the stock its 17th biggest position. Southern Capital Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $3,509,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Cloud Capital Management LLC bought a new position in iShares S&P 500 Value ETF during the 1st quarter valued at about $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new position in iShares S&P 500 Value ETF in the 1st quarter worth about $29,000. Nemes Rush Group LLC grew its stake in iShares S&P 500 Value ETF by 625.0% in the 1st quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock worth $33,000 after acquiring an additional 150 shares in the last quarter. Flaharty Asset Management LLC bought a new position in iShares S&P 500 Value ETF in the 1st quarter worth about $33,000. Finally, IMG Wealth Management Inc. bought a new position in iShares S&P 500 Value ETF in the 1st quarter worth about $34,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $203.91 on Friday. The company has a market capitalization of $40.93 billion, a P/E ratio of 20.70 and a beta of 0.94. The company’s 50-day simple moving average is $201.40 and its two-hundred day simple moving average is $192.68. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $206.63.

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.