iShares S&P 500 Value ETF (NYSEARCA:IVE) Stock Position Lifted by LVZ Inc.

LVZ Inc. raised its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.6% during the 4th quarter, HoldingsChannel.com reports. The fund owned 436,966 shares of the company’s stock after acquiring an additional 6,695 shares during the period. iShares S&P 500 Value ETF makes up approximately 10.7% of LVZ Inc.’s holdings, making the stock its 3rd largest holding. LVZ Inc.’s holdings in iShares S&P 500 Value ETF were worth $83,408,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. LexAurum Advisors LLC increased its stake in shares of 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 valued at $734,000 after purchasing an additional 1,233 shares in the last quarter. Financial Synergies Wealth Advisors Inc. lifted 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 buying an additional 160 shares in the last quarter. DAVENPORT & Co LLC grew its holdings in shares of iShares S&P 500 Value ETF by 10.9% during the fourth quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock valued at $722,000 after buying an additional 372 shares during the last quarter. Equitable Trust Co. bought a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $5,806,000. Finally, Empowered Funds LLC purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $133,000.

iShares S&P 500 Value ETF Trading Down 1.6 %

Shares of IVE opened at $192.25 on Wednesday. The company has a market cap of $35.07 billion, a price-to-earnings ratio of 22.47 and a beta of 0.95. The business’s fifty day simple moving average is $194.52 and its two-hundred day simple moving average is $196.35. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63.

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.