Instrumental Wealth LLC Acquires 3,990 Shares of iShares S&P 500 Value ETF $IVE

Instrumental Wealth LLC increased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.0% in the fourth quarter, Holdings Channel reports. The firm owned 70,277 shares of the company’s stock after buying an additional 3,990 shares during the quarter. iShares S&P 500 Value ETF accounts for 9.3% of Instrumental Wealth LLC’s investment portfolio, making the stock its 4th biggest holding. Instrumental Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $15,597,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Beacon Advisors Holdings LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $2,041,000. BDFS Capital LLC purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $1,059,000. Tempo Wealth LLC acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $657,000. MidFirst Bank purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at approximately $2,281,000. Finally, Barnes Wealth Management Group Inc lifted its position in iShares S&P 500 Value ETF by 32.7% during the 4th quarter. Barnes Wealth Management Group Inc now owns 28,810 shares of the company’s stock worth $6,110,000 after acquiring an additional 7,094 shares during the period.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock opened at $226.38 on Friday. The stock has a 50 day moving average of $224.14 and a two-hundred day moving average of $218.40. iShares S&P 500 Value ETF has a twelve month low of $189.67 and a twelve month high of $230.05. The stock has a market capitalization of $49.98 billion, a price-to-earnings 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.