Modern Wealth Management LLC Increases Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Modern Wealth Management LLC grew its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 125.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 18,033 shares of the company’s stock after buying an additional 10,030 shares during the period. Modern Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $3,522,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of IVE. Thurston Springer Miller Herd & Titak Inc. grew its holdings in iShares S&P 500 Value ETF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after acquiring an additional 76 shares during the period. Kentucky Trust Co acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at $29,000. Providence First Trust Co purchased a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter worth $31,000. Centricity Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth $34,000. Finally, Perkins Coie Trust Co purchased a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000.

iShares S&P 500 Value ETF Stock Down 0.1 %

Shares of NYSEARCA IVE opened at $191.71 on Wednesday. The stock has a market capitalization of $37.33 billion, a price-to-earnings ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a 52 week low of $176.09 and a 52 week high of $206.63. The firm has a 50-day moving average price of $194.31 and a 200 day moving average price of $196.04.

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.