Ausdal Financial Partners Inc. Takes $4.65 Million Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Ausdal Financial Partners Inc. bought a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 25,529 shares of the company’s stock, valued at approximately $4,647,000.

A number of other institutional investors have also recently added to or reduced their stakes in IVE. JPMorgan Chase & Co. boosted its stake in shares of iShares S&P 500 Value ETF by 5.1% in the first quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock valued at $3,320,751,000 after purchasing an additional 861,704 shares during the period. Wells Fargo & Company MN grew its stake in shares of iShares S&P 500 Value ETF by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,565,945 shares of the company’s stock valued at $1,315,642,000 after acquiring an additional 25,641 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of iShares S&P 500 Value ETF by 8.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,314,163 shares of the company’s stock worth $750,190,000 after acquiring an additional 351,478 shares during the last quarter. UBS Group AG lifted its stake in shares of iShares S&P 500 Value ETF by 0.4% in the fourth quarter. UBS Group AG now owns 3,558,382 shares of the company’s stock worth $618,767,000 after acquiring an additional 14,425 shares in the last quarter. Finally, Stifel Financial Corp lifted its stake in shares of iShares S&P 500 Value ETF by 1.2% in the fourth quarter. Stifel Financial Corp now owns 2,195,335 shares of the company’s stock worth $381,746,000 after acquiring an additional 25,246 shares in the last quarter.

iShares S&P 500 Value ETF Trading Down 0.9 %

NYSEARCA IVE traded down $1.69 during mid-day trading on Friday, reaching $191.23. 593,318 shares of the company’s stock traded hands, compared to its average volume of 718,682. iShares S&P 500 Value ETF has a 1-year low of $147.23 and a 1-year high of $196.36. The company has a fifty day simple moving average of $188.23 and a 200-day simple moving average of $184.25. The company has a market cap of $34.26 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

About iShares S&P 500 Value ETF

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.