iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Purchased by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.8% during the fourth quarter, HoldingsChannel reports. The firm owned 13,435,769 shares of the company’s stock after buying an additional 493,784 shares during the period. iShares S&P 500 Value ETF accounts for 0.8% of Envestnet Asset Management Inc.’s portfolio, making the stock its 22nd largest position. Envestnet Asset Management Inc. owned about 0.07% of iShares S&P 500 Value ETF worth $2,564,620,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Perennial Investment Advisors LLC boosted its holdings in iShares S&P 500 Value ETF by 1.0% in the 4th quarter. Perennial Investment Advisors LLC now owns 6,143 shares of the company’s stock worth $1,173,000 after acquiring an additional 62 shares during the period. PAX Financial Group LLC lifted its position in shares of iShares S&P 500 Value ETF by 8.2% during the fourth quarter. PAX Financial Group LLC now owns 45,494 shares of the company’s stock worth $8,684,000 after purchasing an additional 3,447 shares in the last quarter. Wescott Financial Advisory Group LLC boosted its stake in shares of iShares S&P 500 Value ETF by 6.7% in the fourth quarter. Wescott Financial Advisory Group LLC now owns 33,197 shares of the company’s stock valued at $6,337,000 after purchasing an additional 2,081 shares during the period. Guidance Point Advisors LLC grew its holdings in iShares S&P 500 Value ETF by 2.7% during the 4th quarter. Guidance Point Advisors LLC now owns 61,278 shares of the company’s stock valued at $11,696,000 after purchasing an additional 1,620 shares in the last quarter. Finally, Arete Wealth Advisors LLC increased its stake in iShares S&P 500 Value ETF by 50.5% during the 4th quarter. Arete Wealth Advisors LLC now owns 4,223 shares of the company’s stock worth $806,000 after buying an additional 1,417 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $172.67 on Friday. The firm has a 50-day moving average of $193.16 and a two-hundred day moving average of $195.67. The stock has a market cap of $33.62 billion, a P/E ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a 1-year low of $172.56 and a 1-year high of $206.63.

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.