Raymond James Financial Services Advisors Inc. Grows Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Raymond James Financial Services Advisors Inc. boosted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 17.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 856,580 shares of the company’s stock after buying an additional 124,854 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $160,018,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Peoples Bank KS purchased a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter worth approximately $25,000. Allspring Global Investments Holdings LLC boosted its stake 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 buying an additional 140 shares during the period. Vima LLC bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at $27,000. Northwest Investment Counselors LLC purchased 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 stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $30,000.

iShares S&P 500 Value ETF Trading Down 1.2 %

Shares of IVE stock traded down $2.12 during trading hours on Tuesday, reaching $178.79. 381,048 shares of the stock were exchanged, compared to its average volume of 949,184. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24. The firm has a market capitalization of $32.03 billion, a price-to-earnings ratio of 23.38 and a beta of 0.84. The company’s 50-day moving average price is $181.49 and its 200-day moving average price is $172.27.

iShares S&P 500 Value ETF 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.