Advisory Services Network LLC Boosts Stake in iShares S&P 500 Value ETF $IVE

Advisory Services Network LLC boosted its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,626 shares of the company’s stock after acquiring an additional 2,589 shares during the period. Advisory Services Network LLC’s holdings in iShares S&P 500 Value ETF were worth $16,444,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. United Services Automobile Association acquired a new stake in shares of iShares S&P 500 Value ETF in the second quarter valued at approximately $26,000. Palisade Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at $29,000. Center for Financial Planning Inc. purchased a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at $32,000. Tripletail Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth $37,000. Finally, Rossmore Private Capital acquired a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth $44,000.

iShares S&P 500 Value ETF Trading Down 0.0%

Shares of IVE stock opened at $213.21 on Wednesday. The company’s 50-day moving average price is $218.14 and its 200-day moving average price is $211.89. The stock has a market cap of $48.16 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a twelve month low of $165.45 and a twelve month high of $223.05.

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. 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.