Sterling Financial Planning Inc. Increases Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Sterling Financial Planning Inc. increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,907 shares of the company’s stock after buying an additional 709 shares during the period. iShares S&P 500 Value ETF accounts for 1.9% of Sterling Financial Planning Inc.’s holdings, making the stock its 14th biggest position. Sterling Financial Planning Inc.’s holdings in iShares S&P 500 Value ETF were worth $4,331,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC raised its position in iShares S&P 500 Value ETF by 700.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock worth $25,000 after acquiring an additional 140 shares during the period. Peoples Bank KS acquired a new stake in iShares S&P 500 Value ETF during the third quarter worth about $25,000. First Pacific Financial purchased a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $30,000. Fortis Capital Advisors LLC purchased a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $28,000. Finally, Sound Income Strategies LLC purchased a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $35,000.

iShares S&P 500 Value ETF Stock Up 0.2 %

IVE stock traded up $0.33 during mid-day trading on Thursday, hitting $176.91. 427,065 shares of the company were exchanged, compared to its average volume of 995,387. The firm has a market capitalization of $31.75 billion, a P/E ratio of 23.70 and a beta of 0.87. The business has a fifty day simple moving average of $180.87 and a 200-day simple moving average of $170.47. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24.

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.