iShares S&P 500 Value ETF $IVE Stake Boosted by Absolute Capital Management LLC

Absolute Capital Management LLC increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 140.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 21,483 shares of the company’s stock after purchasing an additional 12,557 shares during the period. iShares S&P 500 Value ETF accounts for 1.7% of Absolute Capital Management LLC’s investment portfolio, making the stock its 16th biggest position. Absolute Capital Management LLC’s holdings in iShares S&P 500 Value ETF were worth $4,556,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Simplex Trading LLC acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $26,000. United Services Automobile Association acquired a new position in iShares S&P 500 Value ETF during the second quarter worth about $26,000. Finally, Palisade Asset Management LLC acquired a new position in iShares S&P 500 Value ETF during the third quarter worth about $29,000.

iShares S&P 500 Value ETF Stock Up 1.1%

NYSEARCA:IVE opened at $227.15 on Friday. The business’s 50-day moving average price is $222.37 and its 200 day moving average price is $217.73. The firm has a market cap of $50.15 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 52-week low of $189.66 and a 52-week high of $229.53.

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.