iShares S&P 500 Value ETF (NYSEARCA:IVE) Stake Raised by Stonegate Investment Group LLC

Stonegate Investment Group LLC boosted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 74.6% during the 1st quarter, Holdings Channel reports. The fund owned 35,094 shares of the company’s stock after acquiring an additional 14,993 shares during the quarter. Stonegate Investment Group LLC’s holdings in iShares S&P 500 Value ETF were worth $6,556,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC increased its position in shares of iShares S&P 500 Value ETF by 700.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock valued at $25,000 after purchasing an additional 140 shares during the period. Vima LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth $27,000. Northwest Investment Counselors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the first quarter valued at $29,000. Finally, First Pacific Financial bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at about $30,000.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE traded down $2.12 during trading hours on Tuesday, hitting $178.79. 381,048 shares of the company’s stock traded hands, compared to its average volume of 949,184. The company’s fifty day simple moving average is $181.49 and its two-hundred day simple moving average is $172.27. iShares S&P 500 Value ETF has a 52 week low of $147.23 and a 52 week high of $187.24. The company has a market cap of $32.03 billion, a price-to-earnings ratio of 23.38 and a beta of 0.84.

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.