11,440 Shares in iShares S&P 500 Value ETF (NYSEARCA:IVE) Purchased by Partners Wealth Management LLC

Partners Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 11,440 shares of the company’s stock, valued at approximately $2,184,000. iShares S&P 500 Value ETF comprises 2.5% of Partners Wealth Management LLC’s investment portfolio, making the stock its 8th biggest position.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. grew its holdings in iShares S&P 500 Value ETF by 100.0% during the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after acquiring an additional 76 shares during the period. Kentucky Trust Co acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $29,000. Centricity Wealth Management LLC acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $34,000. Valued Wealth Advisors LLC acquired a new stake in iShares S&P 500 Value ETF in the third quarter valued at approximately $35,000. Finally, Perkins Coie Trust Co acquired a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $35,000.

iShares S&P 500 Value ETF Trading Down 1.0 %

Shares of IVE opened at $196.39 on Monday. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63. The stock’s 50 day moving average is $194.14 and its two-hundred day moving average is $195.94. The firm has a market cap of $35.82 billion, a P/E ratio of 22.47 and a beta of 0.95.

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.