Merit Financial Group LLC Boosts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Merit Financial Group LLC increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 12.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,176 shares of the company’s stock after buying an additional 234 shares during the quarter. Merit Financial Group LLC’s holdings in iShares S&P 500 Value ETF were worth $378,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in IVE. Allspring Global Investments Holdings LLC raised its position in iShares S&P 500 Value ETF by 700.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock valued at $25,000 after purchasing an additional 140 shares during the period. Peoples Bank KS acquired a new position in iShares S&P 500 Value ETF during the 3rd quarter worth about $25,000. First Pacific Financial purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000. Finally, Sound Income Strategies LLC purchased a new stake in iShares S&P 500 Value ETF during the fourth quarter worth about $35,000.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA IVE opened at $182.16 on Thursday. iShares S&P 500 Value ETF has a one year low of $147.23 and a one year high of $187.24. The firm has a 50 day simple moving average of $181.63 and a 200-day simple moving average of $173.22. The firm has a market cap of $32.63 billion, a price-to-earnings ratio of 23.38 and a beta of 0.84.

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.