Prasad Wealth Partners LLC Makes New Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Prasad Wealth Partners LLC bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, HoldingsChannel reports. The firm bought 2,632 shares of the company’s stock, valued at approximately $502,000.

Several other institutional investors have also recently made changes to their positions in IVE. USA Financial Formulas bought a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth $77,191,000. PNC Financial Services Group Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 7.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after purchasing an additional 139,651 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in shares of iShares S&P 500 Value ETF by 28.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock worth $120,955,000 after purchasing an additional 136,769 shares during the period. World Investment Advisors LLC increased its holdings in shares of iShares S&P 500 Value ETF by 1,511.5% in the third quarter. World Investment Advisors LLC now owns 112,303 shares of the company’s stock worth $22,220,000 after purchasing an additional 105,334 shares during the period. Finally, Serenus Wealth Advisors LLC bought a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth $17,882,000.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock opened at $196.65 on Tuesday. The stock has a market cap of $35.87 billion, a P/E ratio of 22.47 and a beta of 0.95. iShares S&P 500 Value ETF has a fifty-two week low of $176.09 and a fifty-two week high of $206.63. The firm’s fifty day moving average price is $194.13 and its 200-day moving average price is $196.02.

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.