Curbstone Financial Management Corp bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,732 shares of the company’s stock, valued at approximately $564,000.
Other hedge funds have also made changes to their positions in the company. World Investment Advisors increased its holdings in shares of iShares S&P 500 Value ETF by 7.6% during the 3rd quarter. World Investment Advisors now owns 16,355 shares of the company’s stock worth $3,377,000 after buying an additional 1,157 shares during the last quarter. Brookstone Capital Management grew its position in iShares S&P 500 Value ETF by 8.6% in the third quarter. Brookstone Capital Management now owns 107,094 shares of the company’s stock worth $22,116,000 after acquiring an additional 8,498 shares during the period. Cypress Wealth Services LLC increased its stake in iShares S&P 500 Value ETF by 1.1% during the third quarter. Cypress Wealth Services LLC now owns 59,479 shares of the company’s stock worth $12,283,000 after acquiring an additional 636 shares during the last quarter. DAVENPORT & Co LLC raised its position in iShares S&P 500 Value ETF by 10.4% in the third quarter. DAVENPORT & Co LLC now owns 7,418 shares of the company’s stock valued at $1,532,000 after purchasing an additional 697 shares during the period. Finally, Kelly Financial Services LLC lifted its stake in shares of iShares S&P 500 Value ETF by 8.5% in the 3rd quarter. Kelly Financial Services LLC now owns 91,875 shares of the company’s stock valued at $18,973,000 after purchasing an additional 7,204 shares during the last quarter.
iShares S&P 500 Value ETF Trading Up 0.4%
NYSEARCA IVE opened at $214.23 on Thursday. The stock has a fifty day simple moving average of $209.95 and a 200-day simple moving average of $203.49. The stock has a market cap of $43.69 billion, a PE ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a twelve month low of $165.45 and a twelve month high of $214.90.
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.
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