Royal Fund Management LLC Boosts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Royal Fund Management LLC lifted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 336.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 62,802 shares of the company’s stock after buying an additional 48,416 shares during the quarter. iShares S&P 500 Value ETF makes up 1.2% of Royal Fund Management LLC’s investment portfolio, making the stock its 11th largest position. Royal Fund Management LLC’s holdings in iShares S&P 500 Value ETF were worth $10,933,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of IVE. International Assets Investment Management LLC grew its holdings in shares of iShares S&P 500 Value ETF by 17,397.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,119,109 shares of the company’s stock worth $194,602,000 after buying an additional 1,112,713 shares in the last quarter. Charles Schwab Investment Management Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $93,051,000. Calamos Wealth Management LLC grew its holdings in shares of iShares S&P 500 Value ETF by 778.4% during the fourth quarter. Calamos Wealth Management LLC now owns 472,801 shares of the company’s stock worth $82,215,000 after buying an additional 418,976 shares in the last quarter. Comerica Bank purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $62,554,000. Finally, Corient Private Wealth LLC grew its holdings in shares of iShares S&P 500 Value ETF by 1,513.6% during the third quarter. Corient Private Wealth LLC now owns 379,169 shares of the company’s stock worth $58,331,000 after buying an additional 355,670 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.5 %

Shares of NYSEARCA IVE traded up $0.96 during midday trading on Friday, reaching $180.32. 762,738 shares of the stock were exchanged, compared to its average volume of 949,120. The company has a market capitalization of $32.30 billion, a P/E ratio of 23.38 and a beta of 0.84. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $187.24. The stock has a 50 day moving average price of $181.52 and a 200-day moving average price of $172.54.

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.