Maripau Wealth Management LLC Purchases Shares of 5,424 iShares S&P 500 Value ETF (NYSEARCA:IVE)

Maripau Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, Holdings Channel.com reports. The institutional investor purchased 5,424 shares of the company’s stock, valued at approximately $1,035,000.

Other institutional investors also recently modified their holdings of the company. Stifel Financial Corp raised its stake in iShares S&P 500 Value ETF by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after purchasing an additional 60,868 shares during the period. PNC Financial Services Group Inc. raised 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 valued at $389,537,000 after purchasing an additional 139,651 shares during the period. Huntington National Bank raised its stake in iShares S&P 500 Value ETF by 6.9% during the 3rd quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock valued at $206,225,000 after purchasing an additional 67,448 shares during the period. Park Avenue Securities LLC raised its stake in iShares S&P 500 Value ETF by 5.8% during the 4th quarter. Park Avenue Securities LLC now owns 947,689 shares of the company’s stock valued at $180,895,000 after purchasing an additional 51,773 shares during the period. Finally, MAI Capital Management raised its stake in iShares S&P 500 Value ETF by 1.8% during the 3rd quarter. MAI Capital Management now owns 754,586 shares of the company’s stock valued at $148,782,000 after purchasing an additional 13,079 shares during the period.

iShares S&P 500 Value ETF Stock Up 1.3 %

Shares of NYSEARCA:IVE opened at $197.20 on Friday. The company’s fifty day moving average is $194.49 and its two-hundred day moving average is $196.16. iShares S&P 500 Value ETF has a 12-month low of $176.09 and a 12-month high of $206.63. The company has a market cap of $35.97 billion, a P/E ratio of 22.47 and a beta of 0.95.

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.