BIP Wealth LLC Grows Holdings in iShares S&P 500 Value ETF $IVE

BIP Wealth LLC raised its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 185.4% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,001 shares of the company’s stock after purchasing an additional 3,898 shares during the quarter. BIP Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $1,239,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of IVE. Envestnet Asset Management Inc. boosted its holdings in iShares S&P 500 Value ETF by 12.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,983,503 shares of the company’s stock worth $4,100,596,000 after buying an additional 2,339,857 shares during the period. Laurel Wealth Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 19,441.2% in the second quarter. Laurel Wealth Advisors LLC now owns 1,215,465 shares of the company’s stock valued at $237,526,000 after acquiring an additional 1,209,245 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of iShares S&P 500 Value ETF by 19.0% in the second quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock worth $591,818,000 after acquiring an additional 484,782 shares during the period. EP Wealth Advisors LLC grew its position in shares of iShares S&P 500 Value ETF by 795.8% during the second quarter. EP Wealth Advisors LLC now owns 373,966 shares of the company’s stock worth $73,081,000 after purchasing an additional 332,218 shares in the last quarter. Finally, MML Investors Services LLC raised its stake in iShares S&P 500 Value ETF by 19.9% during the 2nd quarter. MML Investors Services LLC now owns 1,396,052 shares of the company’s stock valued at $272,817,000 after purchasing an additional 231,828 shares during the period.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $216.62 on Thursday. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $218.44. The company has a market capitalization of $48.91 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The business has a 50 day simple moving average of $212.54 and a two-hundred day simple moving average of $206.57.

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.