Kestra Investment Management LLC Buys Shares of 94,629 iShares S&P 500 Value ETF (NYSEARCA:IVE)

Kestra Investment Management LLC bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 94,629 shares of the company’s stock, valued at approximately $17,223,000. iShares S&P 500 Value ETF comprises 1.2% of Kestra Investment Management LLC’s portfolio, making the stock its 25th largest position. Kestra Investment Management LLC owned about 0.05% of iShares S&P 500 Value ETF at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Palisade Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the first quarter valued at about $26,000. Vima LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at about $27,000. CarsonAllaria Wealth Management Ltd. boosted its stake in shares of iShares S&P 500 Value ETF by 289.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares in the last quarter. Northwest Investment Counselors LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the first quarter valued at about $29,000. Finally, Fortis Group Advisors LLC boosted its stake in shares of iShares S&P 500 Value ETF by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $35,000 after purchasing an additional 100 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.3 %

Shares of IVE stock opened at $197.17 on Tuesday. The business’s 50-day moving average price is $191.60 and its 200-day moving average price is $185.92. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $197.63. The firm has a market capitalization of $35.32 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.