iShares S&P 500 Value ETF $IVE is Foundations Investment Advisors LLC’s 2nd Largest Position

Foundations Investment Advisors LLC boosted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 38.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,001,643 shares of the company’s stock after acquiring an additional 277,046 shares during the period. iShares S&P 500 Value ETF accounts for 2.8% of Foundations Investment Advisors LLC’s holdings, making the stock its 2nd biggest position. Foundations Investment Advisors LLC owned 0.44% of iShares S&P 500 Value ETF worth $212,418,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of IVE. Envestnet Asset Management Inc. lifted its position in iShares S&P 500 Value ETF by 5.4% during 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. Cassaday & Co Wealth Management LLC raised its holdings in shares of iShares S&P 500 Value ETF by 3,286.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after buying an additional 1,119,709 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 47.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after buying an additional 816,767 shares during the last quarter. Park Avenue Securities LLC raised its holdings in shares of iShares S&P 500 Value ETF by 40.4% in the fourth 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. Finally, CWM LLC raised its holdings in shares of iShares S&P 500 Value ETF by 37.5% in the fourth quarter. CWM LLC now owns 2,579,248 shares of the company’s stock worth $546,981,000 after buying an additional 702,987 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.0%

NYSEARCA IVE opened at $227.99 on Thursday. The company has a fifty day simple moving average of $218.58 and a two-hundred day simple moving average of $216.26. The stock has a market cap of $50.34 billion, a P/E ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 12-month low of $187.50 and a 12-month high of $228.95.

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.