BIP Wealth LLC Raises Holdings in iShares S&P 500 Value ETF $IVE

BIP Wealth LLC increased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 185.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,001 shares of the company’s stock after buying an additional 3,898 shares during the period. BIP Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $1,239,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. United Services Automobile Association bought a new stake in iShares S&P 500 Value ETF in the 2nd quarter worth approximately $26,000. Harbor Asset Planning Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the second quarter valued at $30,000. Tripletail Wealth Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the third quarter valued at $37,000. Compagnie Lombard Odier SCmA bought a new stake in iShares S&P 500 Value ETF in the second quarter worth $47,000. Finally, Morgan Dempsey Capital Management LLC purchased a new stake in iShares S&P 500 Value ETF during the second quarter valued at $55,000.

iShares S&P 500 Value ETF Stock Up 1.4%

IVE stock opened at $216.62 on Thursday. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $218.44. The firm has a market capitalization of $48.91 billion, a P/E ratio of 20.70 and a beta of 0.89. The company has a fifty day simple moving average of $212.54 and a two-hundred day simple moving average of $206.57.

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. 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.