hemming& Wealth Management Inc. Makes New Investment in iShares S&P 500 Value ETF $IVE

hemming& Wealth Management Inc. acquired a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 85,458 shares of the company’s stock, valued at approximately $18,123,000. iShares S&P 500 Value ETF accounts for approximately 12.4% of hemming& Wealth Management Inc.’s investment portfolio, making the stock its 4th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in IVE. Cassaday & Co Wealth Management LLC raised its stake in shares of iShares S&P 500 Value ETF by 3,286.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after buying an additional 1,119,709 shares during the period. Morgan Stanley grew its stake in iShares S&P 500 Value ETF by 7.5% in the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after acquiring an additional 1,068,945 shares during the period. JPMorgan Chase & Co. grew its stake in iShares S&P 500 Value ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after acquiring an additional 821,872 shares during the period. Envestnet Portfolio Solutions Inc. increased its holdings in iShares S&P 500 Value ETF by 47.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after acquiring an additional 816,767 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in iShares S&P 500 Value ETF by 40.4% in the 4th quarter. Park Avenue Securities LLC now owns 2,467,550 shares of the company’s stock worth $523,293,000 after acquiring an additional 710,518 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $226.38 on Friday. The company has a fifty day moving average of $224.14 and a two-hundred day moving average of $218.40. The stock has a market capitalization of $49.98 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a fifty-two week low of $189.67 and a fifty-two week high of $230.05.

iShares S&P 500 Value ETF Company 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. 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.