iShares S&P 500 Value ETF $IVE Stake Boosted by PAX Financial Group LLC

PAX Financial Group LLC increased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 62.1% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 140,243 shares of the company’s stock after buying an additional 53,752 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 5.1% of PAX Financial Group LLC’s portfolio, making the stock its 2nd largest holding. PAX Financial Group LLC’s holdings in iShares S&P 500 Value ETF were worth $29,741,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bedminster LLC purchased a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $265,000. Paulson Wealth Management Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $263,000. Legacy Financial Group LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 46.2% in the 4th quarter. Legacy Financial Group LLC now owns 104,426 shares of the company’s stock worth $23,081,000 after buying an additional 33,019 shares during the last quarter. Thrivent Financial for Lutherans boosted its holdings in shares of iShares S&P 500 Value ETF by 27.7% in the 4th quarter. Thrivent Financial for Lutherans now owns 332,889 shares of the company’s stock worth $70,921,000 after buying an additional 72,120 shares during the last quarter. Finally, Cornerstone Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at about $210,000.

iShares S&P 500 Value ETF Stock Up 0.2%

NYSEARCA IVE opened at $225.15 on Friday. The company has a market cap of $49.71 billion, a PE ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 52 week low of $185.34 and a 52 week high of $225.90. The firm’s 50-day simple moving average is $216.62 and its two-hundred day simple moving average is $215.16.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.