Summit Financial LLC Buys 404 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Summit Financial LLC increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 6,708 shares of the company’s stock after purchasing an additional 404 shares during the quarter. Summit Financial LLC’s holdings in iShares S&P 500 Value ETF were worth $1,280,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of IVE. LexAurum Advisors LLC raised its stake in shares of iShares S&P 500 Value ETF by 47.2% in the fourth quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock valued at $734,000 after acquiring an additional 1,233 shares during the period. Financial Synergies Wealth Advisors Inc. raised its position in iShares S&P 500 Value ETF by 0.6% in the 4th 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 period. DAVENPORT & Co LLC lifted its stake in 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 worth $722,000 after purchasing an additional 372 shares during 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, Empowered Funds LLC purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $133,000.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $190.33 on Wednesday. iShares S&P 500 Value ETF has a fifty-two week low of $176.09 and a fifty-two week high of $206.63. The company has a market cap of $37.06 billion, a price-to-earnings ratio of 21.80 and a beta of 0.94. The business’s 50 day moving average price is $193.98 and its 200-day moving average price is $195.95.

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.