Sovereign Financial Group Inc. Has $3.04 Million Stake in iShares S&P 500 Value ETF $IVE

Sovereign Financial Group Inc. boosted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 42.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,323 shares of the company’s stock after purchasing an additional 4,240 shares during the period. iShares S&P 500 Value ETF comprises about 0.5% of Sovereign Financial Group Inc.’s portfolio, making the stock its 27th largest holding. Sovereign Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,037,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Laurel Wealth Advisors LLC grew its holdings in shares of iShares S&P 500 Value ETF by 19,441.2% in the 2nd quarter. Laurel Wealth Advisors LLC now owns 1,215,465 shares of the company’s stock valued at $237,526,000 after acquiring an additional 1,209,245 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares S&P 500 Value ETF by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock valued at $4,568,288,000 after acquiring an additional 1,137,886 shares during the last quarter. Park Avenue Securities LLC raised its holdings in iShares S&P 500 Value ETF by 40.4% during the fourth quarter. Park Avenue Securities LLC now owns 2,467,550 shares of the company’s stock worth $523,293,000 after acquiring an additional 710,518 shares in the last quarter. Ameriprise Financial Inc. boosted its position in iShares S&P 500 Value ETF by 19.0% during the second quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock valued at $591,818,000 after purchasing an additional 484,782 shares during the last quarter. Finally, EP Wealth Advisors LLC boosted its position in iShares S&P 500 Value ETF by 795.8% during the second quarter. EP Wealth Advisors LLC now owns 373,966 shares of the company’s stock valued at $73,081,000 after purchasing an additional 332,218 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 0.9%

IVE stock opened at $207.73 on Friday. The company has a market cap of $46.93 billion, a price-to-earnings 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 $223.05. The business has a 50 day moving average price of $217.73 and a two-hundred day moving average price of $211.95.

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.