Essex Financial Services Inc. Increases Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Essex Financial Services Inc. grew its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,980 shares of the company’s stock after acquiring an additional 949 shares during the quarter. Essex Financial Services Inc.’s holdings in iShares S&P 500 Value ETF were worth $1,714,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the stock. Stifel Financial Corp raised its holdings in iShares S&P 500 Value ETF by 2.5% in the 3rd quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock worth $490,670,000 after acquiring an additional 60,868 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 7.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after purchasing an additional 139,651 shares in the last quarter. International Assets Investment Management LLC raised its stake in shares of iShares S&P 500 Value ETF by 18,046.1% in the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after purchasing an additional 1,326,211 shares during the last quarter. Huntington National Bank lifted its holdings in shares of iShares S&P 500 Value ETF by 6.9% during the third quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock valued at $206,225,000 after purchasing an additional 67,448 shares in the last quarter. Finally, Park Avenue Securities LLC boosted its position in shares of iShares S&P 500 Value ETF by 5.8% during the fourth quarter. Park Avenue Securities LLC now owns 947,689 shares of the company’s stock valued at $180,895,000 after buying an additional 51,773 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $196.23 on Wednesday. The firm has a market cap of $35.15 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The business has a 50-day simple moving average of $194.82 and a two-hundred day simple moving average of $195.32. iShares S&P 500 Value ETF has a fifty-two week low of $173.01 and a fifty-two week high of $206.63.

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.