Align Financial LLC Makes New $24.74 Million Investment in iShares S&P 500 Value ETF $IVE

Align Financial LLC purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 116,639 shares of the company’s stock, valued at approximately $24,736,000. Align Financial LLC owned approximately 0.05% of iShares S&P 500 Value ETF as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVE. Cassaday & Co Wealth Management LLC grew its holdings in iShares S&P 500 Value ETF by 3,286.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after acquiring an additional 1,119,709 shares in the last quarter. Morgan Stanley grew its holdings in iShares S&P 500 Value ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after acquiring an additional 1,068,945 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in iShares S&P 500 Value ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after acquiring an additional 821,872 shares in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in iShares S&P 500 Value ETF by 47.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after acquiring an additional 816,767 shares in the last quarter. Finally, Park Avenue Securities LLC grew its holdings in iShares S&P 500 Value ETF by 40.4% during the 4th 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.

iShares S&P 500 Value ETF Stock Down 1.4%

NYSEARCA IVE opened at $225.79 on Thursday. iShares S&P 500 Value ETF has a 52 week low of $189.67 and a 52 week high of $230.05. The stock has a market capitalization of $49.85 billion, a PE ratio of 20.70 and a beta of 0.82. The firm has a 50 day moving average of $223.66 and a two-hundred day moving average of $218.25.

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.