Envestnet Portfolio Solutions Inc. Acquires 7,827 Shares of iShares S&P 500 Value ETF $IVE

Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.5% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,723,476 shares of the company’s stock after buying an additional 7,827 shares during the period. iShares S&P 500 Value ETF accounts for about 1.3% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 20th largest position. Envestnet Portfolio Solutions Inc. owned about 0.85% of iShares S&P 500 Value ETF worth $355,915,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Dumont & Blake Investment Advisors LLC grew its stake in iShares S&P 500 Value ETF by 0.5% during the third quarter. Dumont & Blake Investment Advisors LLC now owns 10,795 shares of the company’s stock valued at $2,229,000 after acquiring an additional 49 shares in the last quarter. Signal Advisors Wealth LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 0.6% during the 3rd quarter. Signal Advisors Wealth LLC now owns 9,010 shares of the company’s stock valued at $1,861,000 after purchasing an additional 51 shares during the last quarter. Pinnacle Wealth Management Advisory Group LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 2.2% during the 2nd quarter. Pinnacle Wealth Management Advisory Group LLC now owns 2,749 shares of the company’s stock valued at $537,000 after purchasing an additional 59 shares during the last quarter. CPC Advisors LLC grew its position in shares of iShares S&P 500 Value ETF by 4.9% during the third quarter. CPC Advisors LLC now owns 1,255 shares of the company’s stock valued at $259,000 after purchasing an additional 59 shares in the last quarter. Finally, Pinnacle Associates Ltd. grew its position in shares of iShares S&P 500 Value ETF by 0.8% during the second quarter. Pinnacle Associates Ltd. now owns 8,323 shares of the company’s stock valued at $1,626,000 after purchasing an additional 62 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.3%

NYSEARCA:IVE opened at $217.17 on Friday. The company has a market capitalization of $49.04 billion, a P/E ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $218.44. The business’s 50-day moving average is $212.69 and its 200 day moving average is $206.65.

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.