iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Bought by Merit Financial Group LLC

Merit Financial Group LLC increased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 12.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,176 shares of the company’s stock after purchasing an additional 234 shares during the quarter. Merit Financial Group LLC’s holdings in iShares S&P 500 Value ETF were worth $378,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Stifel Financial Corp raised its holdings in shares of iShares S&P 500 Value ETF by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 2,170,089 shares of the company’s stock worth $333,847,000 after purchasing an additional 28,499 shares in the last quarter. LPL Financial LLC raised its holdings in shares of iShares S&P 500 Value ETF by 1.3% during the third quarter. LPL Financial LLC now owns 1,940,992 shares of the company’s stock valued at $298,602,000 after acquiring an additional 23,973 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 4.5% during the third quarter. PNC Financial Services Group Inc. now owns 1,490,065 shares of the company’s stock valued at $229,232,000 after acquiring an additional 63,793 shares during the period. US Bancorp DE raised its holdings in shares of iShares S&P 500 Value ETF by 0.8% during the third quarter. US Bancorp DE now owns 1,334,378 shares of the company’s stock valued at $204,727,000 after acquiring an additional 10,074 shares during the period. Finally, Royal Bank of Canada raised its holdings in shares of iShares S&P 500 Value ETF by 7.2% during the third quarter. Royal Bank of Canada now owns 1,233,196 shares of the company’s stock valued at $189,715,000 after acquiring an additional 82,644 shares during the period.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $182.16 on Thursday. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $187.24. The company’s 50 day simple moving average is $181.63 and its 200-day simple moving average is $173.22. The firm has a market capitalization of $32.63 billion, a P/E ratio of 23.38 and a beta of 0.84.

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.