7,028 Shares in iShares S&P 500 Value ETF $IVE Purchased by Arwa LLC

Arwa LLC purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 7,028 shares of the company’s stock, valued at approximately $1,490,000. iShares S&P 500 Value ETF makes up approximately 0.9% of Arwa LLC’s holdings, making the stock its 27th biggest holding.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cassaday & Co Wealth Management LLC increased its stake 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 buying an additional 1,119,709 shares in the last quarter. Morgan Stanley boosted its stake in shares of iShares S&P 500 Value ETF by 7.5% in the fourth 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 during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares S&P 500 Value ETF by 4.6% in the fourth 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 during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of iShares S&P 500 Value ETF by 47.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after purchasing an additional 816,767 shares in the last quarter. Finally, Park Avenue Securities LLC raised its stake 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 valued at $523,293,000 after purchasing an additional 710,518 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $226.38 on Friday. iShares S&P 500 Value ETF has a fifty-two week low of $189.67 and a fifty-two week high of $230.05. The stock’s fifty day moving average is $224.14 and its two-hundred day moving average is $218.40. The firm has a market capitalization of $49.98 billion, a P/E ratio of 20.70 and a beta of 0.82.

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.