iShares S&P 500 Value ETF $IVE is Sovran Advisors LLC’s 5th Largest Position

Sovran Advisors LLC boosted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.6% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 93,636 shares of the company’s stock after acquiring an additional 15,361 shares during the period. iShares S&P 500 Value ETF accounts for 1.8% of Sovran Advisors LLC’s investment portfolio, making the stock its 5th biggest position. Sovran Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $20,391,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the company. United Services Automobile Association bought a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at about $26,000. Palisade Asset Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth about $29,000. Ransom Advisory Ltd bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $31,000. Center for Financial Planning Inc. purchased a new position in iShares S&P 500 Value ETF during the 3rd quarter valued at about $32,000. Finally, Tripletail Wealth Management LLC purchased a new position in iShares S&P 500 Value ETF during the 3rd quarter valued at about $37,000.

iShares S&P 500 Value ETF Price Performance

IVE opened at $211.86 on Friday. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $223.05. The business has a 50 day simple moving average of $216.44 and a two-hundred day simple moving average of $212.44. The firm has a market capitalization of $46.76 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89.

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.