Powell Investment Advisors LLC Raises Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Powell Investment Advisors LLC boosted its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 142,981 shares of the company’s stock after acquiring an additional 246 shares during the period. iShares S&P 500 Value ETF comprises about 12.6% of Powell Investment Advisors LLC’s portfolio, making the stock its largest position. Powell Investment Advisors LLC owned approximately 0.08% of iShares S&P 500 Value ETF worth $27,292,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVE. Chesapeake Wealth Management increased its position in shares of iShares S&P 500 Value ETF by 3.8% during the third quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock worth $272,000 after purchasing an additional 50 shares in the last quarter. West Coast Financial LLC increased its position in shares of iShares S&P 500 Value ETF by 0.3% during the fourth quarter. West Coast Financial LLC now owns 16,432 shares of the company’s stock worth $3,137,000 after purchasing an additional 53 shares in the last quarter. SWP Financial LLC increased its position in shares of iShares S&P 500 Value ETF by 0.4% during the fourth quarter. SWP Financial LLC now owns 12,799 shares of the company’s stock worth $2,443,000 after purchasing an additional 54 shares in the last quarter. GDS Wealth Management increased its position in shares of iShares S&P 500 Value ETF by 3.3% during the third quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock worth $348,000 after purchasing an additional 56 shares in the last quarter. Finally, Roble Belko & Company Inc increased its position in shares of iShares S&P 500 Value ETF by 0.5% during the fourth quarter. Roble Belko & Company Inc now owns 11,238 shares of the company’s stock worth $2,145,000 after purchasing an additional 57 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE opened at $194.62 on Monday. The firm has a market capitalization of $34.87 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1-year low of $173.01 and a 1-year high of $206.63. The company’s fifty day moving average price is $195.01 and its 200-day moving average price is $195.20.

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.