Droms Strauss Advisors Inc. MO ADV Raises Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Droms Strauss Advisors Inc. MO ADV grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 124,736 shares of the company’s stock after buying an additional 1,057 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 7.8% of Droms Strauss Advisors Inc. MO ADV’s portfolio, making the stock its 4th biggest position. Droms Strauss Advisors Inc. MO ADV’s holdings in iShares S&P 500 Value ETF were worth $23,810,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. LexAurum Advisors LLC raised its holdings in iShares S&P 500 Value ETF by 47.2% during the fourth quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock worth $734,000 after buying an additional 1,233 shares during the last quarter. Financial Synergies Wealth Advisors Inc. raised its stake in shares of iShares S&P 500 Value ETF by 0.6% in the fourth quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock worth $5,480,000 after purchasing an additional 160 shares during the last quarter. DAVENPORT & Co LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 10.9% in the fourth quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock valued at $722,000 after purchasing an additional 372 shares in the last quarter. Equitable Trust Co. purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $5,806,000. Finally, EP Wealth Advisors LLC grew its holdings in iShares S&P 500 Value ETF by 3.6% during the third quarter. EP Wealth Advisors LLC now owns 40,055 shares of the company’s stock worth $7,898,000 after buying an additional 1,387 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $196.62 on Monday. The company has a fifty day moving average price of $194.31 and a 200-day moving average price of $195.46. The firm has a market cap of $35.22 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1 year low of $175.71 and a 1 year 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.