Bank of America Corp DE Acquires 72,040 Shares of iShares S&P 500 Value ETF $IVE

Bank of America Corp DE increased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,396,957 shares of the company’s stock after purchasing an additional 72,040 shares during the quarter. Bank of America Corp DE owned approximately 4.12% of iShares S&P 500 Value ETF worth $1,734,056,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVE. United Services Automobile Association purchased a new position in iShares S&P 500 Value ETF in the 2nd quarter worth approximately $26,000. Center for Financial Planning Inc. purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $32,000. Tripletail Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $37,000. Rossmore Private Capital bought a new stake in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $44,000. Finally, Cloud Capital Management LLC bought a new stake in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $45,000.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $211.71 on Monday. The company’s fifty day moving average price is $218.23 and its 200-day moving average price is $211.76. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $223.05. The company has a market capitalization of $47.83 billion, a PE ratio of 20.70 and a beta of 0.89.

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. 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.