Brookstone Capital Management Increases Position in iShares S&P 500 Value ETF $IVE

Brookstone Capital Management boosted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 33.8% during the fourth quarter, Holdings Channel reports. The fund owned 143,272 shares of the company’s stock after acquiring an additional 36,178 shares during the period. Brookstone Capital Management’s holdings in iShares S&P 500 Value ETF were worth $30,384,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 5.4% in the 3rd quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock worth $4,568,288,000 after purchasing an additional 1,137,886 shares in the last quarter. Bank of America Corp DE increased its position in shares of iShares S&P 500 Value ETF by 0.9% during the 3rd quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock valued at $1,734,056,000 after purchasing an additional 72,040 shares during the last quarter. UBS Group AG raised its holdings in shares of iShares S&P 500 Value ETF by 1.0% during the 3rd quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock valued at $744,423,000 after buying an additional 37,372 shares in the last quarter. Ameriprise Financial Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 19.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock valued at $591,818,000 after buying an additional 484,782 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in iShares S&P 500 Value ETF by 40.4% in the 4th quarter. Park Avenue Securities LLC now owns 2,467,550 shares of the company’s stock worth $523,293,000 after buying an additional 710,518 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $207.63 on Tuesday. The company has a market capitalization of $46.90 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The business has a 50 day moving average of $216.79 and a 200 day moving average of $212.28. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $223.05.

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.