Arax Advisory Partners Acquires Shares of 32,461 iShares S&P 500 Value ETF $IVE

Arax Advisory Partners acquired a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 32,461 shares of the company’s stock, valued at approximately $6,884,000.

Several other institutional investors have also added to or reduced their stakes in IVE. Brighton Jones LLC lifted its holdings in iShares S&P 500 Value ETF by 0.8% during the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after purchasing an additional 112 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in iShares S&P 500 Value ETF by 6,385.7% during the first quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after purchasing an additional 447 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in iShares S&P 500 Value ETF during the second quarter valued at about $550,000. Russell Investments Group Ltd. lifted its holdings in iShares S&P 500 Value ETF by 28.8% during the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock valued at $416,000 after purchasing an additional 477 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in iShares S&P 500 Value ETF by 2.8% during the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock valued at $5,184,000 after purchasing an additional 731 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 0.7%

NYSEARCA IVE opened at $228.73 on Friday. The firm’s 50-day simple moving average is $222.71 and its two-hundred day simple moving average is $217.80. iShares S&P 500 Value ETF has a 52 week low of $189.66 and a 52 week high of $229.53. The company has a market cap of $50.50 billion, a PE ratio of 20.70 and a beta of 0.82.

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.