Yousif Capital Management LLC Grows Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Yousif Capital Management LLC increased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 90.4% during the fourth quarter, Holdings Channel reports. The firm owned 5,403 shares of the company’s stock after acquiring an additional 2,565 shares during the quarter. Yousif Capital Management LLC’s holdings in iShares S&P 500 Value ETF were worth $940,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 700.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock worth $25,000 after buying an additional 140 shares in the last quarter. Peoples Bank KS purchased a new stake in iShares S&P 500 Value ETF in the 3rd quarter worth $25,000. First Pacific Financial bought a new position in shares of iShares S&P 500 Value ETF during the 4th quarter valued at about $30,000. Wetzel Investment Advisors Inc. bought a new position in shares of iShares S&P 500 Value ETF during the 4th quarter valued at about $35,000. Finally, Sound Income Strategies LLC purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at about $35,000.

iShares S&P 500 Value ETF Trading Up 0.5 %

NYSEARCA:IVE opened at $180.32 on Friday. The business’s 50-day moving average is $181.52 and its 200 day moving average is $172.54. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $187.24. The company has a market capitalization of $32.30 billion, a P/E ratio of 23.38 and a beta of 0.84.

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.