Balefire LLC Purchases New Position in iShares S&P 500 Value ETF $IVE

Balefire LLC purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 2,858 shares of the company’s stock, valued at approximately $603,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its holdings in shares of iShares S&P 500 Value ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after purchasing an additional 821,872 shares during the period. Morgan Stanley lifted its position in iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after buying an additional 1,068,945 shares during the last quarter. Wells Fargo & Company MN lifted its position in iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after buying an additional 120,153 shares during the last quarter. Cetera Investment Advisers boosted its stake in iShares S&P 500 Value ETF by 22.5% during the fourth quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock worth $723,154,000 after buying an additional 627,109 shares during the period. Finally, Stifel Financial Corp boosted its stake in iShares S&P 500 Value ETF by 7.6% during the fourth quarter. Stifel Financial Corp now owns 3,250,570 shares of the company’s stock worth $689,349,000 after buying an additional 230,880 shares during the period.

iShares S&P 500 Value ETF Stock Down 0.6%

IVE stock opened at $229.73 on Tuesday. iShares S&P 500 Value ETF has a twelve month low of $193.90 and a twelve month high of $233.57. The stock has a market capitalization of $48.58 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The firm’s fifty day simple moving average is $227.68 and its two-hundred day simple moving average is $220.87.

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.