Farther Finance Advisors LLC Purchases 64,564 Shares of iShares S&P 500 Value ETF $IVE

Farther Finance Advisors LLC lifted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 57.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 177,141 shares of the company’s stock after buying an additional 64,564 shares during the period. Farther Finance Advisors LLC owned about 0.08% of iShares S&P 500 Value ETF worth $37,566,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of IVE. United Services Automobile Association bought a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at $26,000. Palisade Asset Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at $29,000. Ransom Advisory Ltd bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at $31,000. Center for Financial Planning Inc. bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at $32,000. Finally, Tripletail Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at $37,000.

iShares S&P 500 Value ETF Stock Up 0.2%

Shares of iShares S&P 500 Value ETF stock opened at $217.55 on Wednesday. The company has a market cap of $47.99 billion, a price-to-earnings ratio of 20.70 and a beta of 0.85. The company’s 50 day moving average is $216.16 and its 200 day moving average is $213.04. iShares S&P 500 Value ETF has a twelve month low of $172.13 and a twelve month high of $223.05.

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.