iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Bought by Magnolia Capital Management Ltd.

Magnolia Capital Management Ltd. lifted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,565 shares of the company’s stock after purchasing an additional 265 shares during the period. iShares S&P 500 Value ETF comprises about 1.2% of Magnolia Capital Management Ltd.’s investment portfolio, making the stock its 17th biggest holding. Magnolia Capital Management Ltd.’s holdings in iShares S&P 500 Value ETF were worth $1,492,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. JPMorgan Chase & Co. lifted its holdings in 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 worth $3,320,751,000 after acquiring an additional 861,704 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in shares of iShares S&P 500 Value ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock valued at $2,253,356,000 after acquiring an additional 420,007 shares during the period. LPL Financial LLC increased its stake in shares of iShares S&P 500 Value ETF by 4.9% during the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after acquiring an additional 200,427 shares during the period. US Bancorp DE increased its stake in shares of iShares S&P 500 Value ETF by 9.9% during the first quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock valued at $287,516,000 after acquiring an additional 139,258 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in shares of iShares S&P 500 Value ETF by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock valued at $259,313,000 after acquiring an additional 47,074 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA IVE traded down $0.66 during mid-day trading on Tuesday, reaching $198.33. 148,143 shares of the company traded hands, compared to its average volume of 683,507. The firm has a market cap of $35.53 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $201.08. The stock has a fifty day simple moving average of $194.90 and a 200-day simple moving average of $187.36.

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.