Fifth Third Bancorp Purchases 318,135 Shares of iShares S&P 500 Value ETF $IVE

Fifth Third Bancorp grew its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 132.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 557,426 shares of the company’s stock after buying an additional 318,135 shares during the period. Fifth Third Bancorp owned 0.25% of iShares S&P 500 Value ETF worth $117,700,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in IVE. Sovran Advisors LLC increased its position in iShares S&P 500 Value ETF by 0.5% in the first quarter. Sovran Advisors LLC now owns 94,104 shares of the company’s stock worth $21,048,000 after purchasing an additional 468 shares during the period. American Trust lifted its position in iShares S&P 500 Value ETF by 3.8% during the 1st quarter. American Trust now owns 3,511 shares of the company’s stock valued at $741,000 after purchasing an additional 129 shares during the period. Simplicity Wealth LLC lifted its position in iShares S&P 500 Value ETF by 1.7% during the 1st quarter. Simplicity Wealth LLC now owns 40,117 shares of the company’s stock valued at $8,471,000 after purchasing an additional 688 shares during the period. Sonata Capital Group Inc. boosted its stake in shares of iShares S&P 500 Value ETF by 21.9% in the 1st quarter. Sonata Capital Group Inc. now owns 11,637 shares of the company’s stock valued at $2,457,000 after purchasing an additional 2,093 shares during the last quarter. Finally, Yukon Wealth Management Inc. boosted its stake in shares of iShares S&P 500 Value ETF by 4.8% in the 1st quarter. Yukon Wealth Management Inc. now owns 11,187 shares of the company’s stock valued at $2,362,000 after purchasing an additional 510 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.3%

Shares of NYSEARCA:IVE traded up $0.58 during trading on Friday, hitting $230.49. 392,038 shares of the company’s stock were exchanged, compared to its average volume of 1,112,593. The firm has a market cap of $48.63 billion, a P/E ratio of 20.70 and a beta of 0.82. The firm has a 50-day moving average price of $226.88 and a two-hundred day moving average price of $220.11. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $232.28.

iShares S&P 500 Value ETF Company 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.