Scarborough Advisors LLC Raises Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Scarborough Advisors LLC increased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 37,725 shares of the company’s stock after acquiring an additional 1,171 shares during the period. iShares S&P 500 Value ETF makes up about 1.0% of Scarborough Advisors LLC’s portfolio, making the stock its 25th biggest holding. Scarborough Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $7,201,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. International Assets Investment Management LLC raised its stake in iShares S&P 500 Value ETF by 18,046.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after acquiring an additional 1,326,211 shares during the last quarter. USA Financial Formulas purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth $77,191,000. PNC Financial Services Group Inc. raised its stake in shares of iShares S&P 500 Value ETF by 7.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after buying an additional 139,651 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of iShares S&P 500 Value ETF by 28.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock valued at $120,955,000 after buying an additional 136,769 shares during the last quarter. Finally, World Investment Advisors LLC raised its stake in shares of iShares S&P 500 Value ETF by 1,511.5% during the 3rd quarter. World Investment Advisors LLC now owns 112,303 shares of the company’s stock valued at $22,220,000 after buying an additional 105,334 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA IVE opened at $196.62 on Friday. The stock has a 50-day simple moving average of $194.42 and a two-hundred day simple moving average of $195.38. The firm has a market capitalization of $35.22 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a fifty-two week low of $175.71 and a fifty-two week high of $206.63.

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.