Spinnaker Investment Group LLC Takes Position in iShares S&P 500 Value ETF $IVE

Spinnaker Investment Group LLC purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,863 shares of the company’s stock, valued at approximately $650,000.

A number of other hedge funds have also recently made changes to their positions in the stock. Simplex Trading LLC bought a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC bought a new position in iShares S&P 500 Value ETF in the fourth quarter worth about $25,000. Decker Retirement Planning Inc. bought a new position in iShares S&P 500 Value ETF in the fourth quarter worth about $26,000. United Services Automobile Association purchased a new stake in shares of iShares S&P 500 Value ETF during the second quarter valued at about $26,000. Finally, RMG Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the first quarter valued at about $27,000.

iShares S&P 500 Value ETF Stock Up 0.2%

Shares of IVE opened at $236.33 on Tuesday. The company has a 50 day moving average of $229.71 and a two-hundred day moving average of $222.72. iShares S&P 500 Value ETF has a twelve month low of $198.04 and a twelve month high of $236.39. The company has a market cap of $49.95 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.