iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Purchased by Brown Brothers Harriman & Co.

Brown Brothers Harriman & Co. boosted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 23.8% during the 3rd quarter, Holdings Channel.com reports. The firm owned 12,609 shares of the company’s stock after acquiring an additional 2,426 shares during the period. Brown Brothers Harriman & Co.’s holdings in iShares S&P 500 Value ETF were worth $2,486,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. raised its stake in iShares S&P 500 Value ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after acquiring an additional 420,007 shares in the last quarter. LPL Financial LLC boosted its position in shares of iShares S&P 500 Value ETF by 4.9% in the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after purchasing an additional 200,427 shares during the period. PNC Financial Services Group Inc. grew its stake in iShares S&P 500 Value ETF by 7.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after buying an additional 139,651 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in iShares S&P 500 Value ETF by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock worth $259,313,000 after buying an additional 47,074 shares during the period. Finally, Cetera Investment Advisers lifted its stake in iShares S&P 500 Value ETF by 905.6% in the first quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock valued at $263,498,000 after buying an additional 1,270,256 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.7 %

Shares of IVE opened at $205.20 on Tuesday. The company’s 50 day simple moving average is $198.20 and its 200-day simple moving average is $190.68. The firm has a market cap of $36.76 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 12-month low of $163.68 and a 12-month high of $205.87.

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.