Axis Wealth Partners LLC Buys Shares of 6,383 iShares S&P 500 Value ETF (NYSEARCA:IVE)

Axis Wealth Partners LLC purchased a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 6,383 shares of the company’s stock, valued at approximately $1,218,000. iShares S&P 500 Value ETF makes up about 1.0% of Axis Wealth Partners LLC’s investment portfolio, making the stock its 25th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVE. United Community Bank boosted its position in iShares S&P 500 Value ETF by 14.1% during the 4th quarter. United Community Bank now owns 1,580 shares of the company’s stock worth $302,000 after buying an additional 195 shares during the period. Pillar Financial Advisors LLC acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $86,000. Rialto Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth $1,541,000. Lifeworks Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF by 2.6% in the fourth quarter. Lifeworks Advisors LLC now owns 2,390 shares of the company’s stock worth $456,000 after purchasing an additional 60 shares during the last quarter. Finally, Blankinship & Foster LLC acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at $834,000.

iShares S&P 500 Value ETF Trading Up 0.8 %

Shares of IVE opened at $194.14 on Friday. The stock’s 50-day moving average price is $194.52 and its two-hundred day moving average price is $196.36. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63. The company has a market capitalization of $37.71 billion, a PE ratio of 22.06 and a beta of 0.94.

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.