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

Instrumental Wealth LLC boosted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.6% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 66,287 shares of the company’s stock after acquiring an additional 3,537 shares during the quarter. iShares S&P 500 Value ETF comprises 9.8% of Instrumental Wealth LLC’s holdings, making the stock its 3rd biggest position. Instrumental Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $13,810,000 as of its most recent filing with the Securities & Exchange Commission.

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

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $216.35 on Monday. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $218.44. The firm has a market cap of $48.91 billion, a P/E ratio of 20.70 and a beta of 0.89. The stock has a fifty day moving average price of $212.82 and a two-hundred day moving average price of $206.91.

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.