BAM Wealth Management LLC Purchases New Position in iShares S&P 500 Value ETF $IVE

BAM Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,823 shares of the company’s stock, valued at approximately $583,000.

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

iShares S&P 500 Value ETF Stock Down 0.4%

Shares of NYSEARCA IVE opened at $216.35 on Friday. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $218.44. The firm’s 50-day simple moving average is $212.82 and its 200 day simple moving average is $206.78. The company has a market cap of $48.91 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89.

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.