Graypoint LLC Grows Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Graypoint LLC raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 37.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 86,410 shares of the company’s stock after acquiring an additional 23,501 shares during the period. iShares S&P 500 Value ETF makes up 1.1% of Graypoint LLC’s investment portfolio, making the stock its 22nd largest position. Graypoint LLC’s holdings in iShares S&P 500 Value ETF were worth $17,037,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of iShares S&P 500 Value ETF by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock valued at $3,320,751,000 after purchasing an additional 861,704 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock valued at $2,253,356,000 after acquiring an additional 420,007 shares during the period. LPL Financial LLC grew its position in shares of iShares S&P 500 Value ETF by 4.9% during the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock worth $775,111,000 after acquiring an additional 200,427 shares during the last quarter. US Bancorp DE increased its holdings in shares of iShares S&P 500 Value ETF by 9.9% in the 1st quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock valued at $287,516,000 after acquiring an additional 139,258 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in iShares S&P 500 Value ETF by 3.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock valued at $259,313,000 after purchasing an additional 47,074 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $201.19 on Thursday. iShares S&P 500 Value ETF has a 1-year low of $155.79 and a 1-year high of $201.49. The stock has a market cap of $36.04 billion, a P/E ratio of 23.79 and a beta of 0.81. The firm has a fifty day moving average price of $196.26 and a 200 day moving average price of $188.73.

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.