First Horizon Corp acquired a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,999 shares of the company’s stock, valued at approximately $1,239,000.
A number of other hedge funds and other institutional investors also recently bought and sold shares of IVE. United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at about $26,000. Harbor Asset Planning Inc. purchased a new stake in iShares S&P 500 Value ETF during the second quarter worth about $30,000. Tripletail Wealth Management LLC acquired a new position in iShares S&P 500 Value ETF during the third quarter worth about $37,000. Ryan Investment Management Inc. purchased a new position in iShares S&P 500 Value ETF in the second quarter valued at about $36,000. Finally, Atwood & Palmer Inc. purchased a new position in iShares S&P 500 Value ETF in the second quarter valued at about $38,000.
iShares S&P 500 Value ETF Trading Down 0.1%
IVE stock opened at $217.23 on Tuesday. The firm has a 50 day moving average of $211.48 and a 200-day moving average of $205.67. The company has a market cap of $49.17 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $217.69.
About iShares S&P 500 Value ETF
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.
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