Fifth Third Bancorp Buys 318,135 Shares of iShares S&P 500 Value ETF $IVE

Fifth Third Bancorp raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 132.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 557,426 shares of the company’s stock after buying an additional 318,135 shares during the quarter. Fifth Third Bancorp’s holdings in iShares S&P 500 Value ETF were worth $117,700,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVE. Simplex Trading LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $25,000. Decker Retirement Planning Inc. acquired a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $26,000. United Services Automobile Association bought a new stake in iShares S&P 500 Value ETF in the second quarter valued at approximately $26,000. Finally, Palisade Asset Management LLC acquired a new stake in iShares S&P 500 Value ETF in the third quarter worth $29,000.

iShares S&P 500 Value ETF Price Performance

IVE traded up $0.58 during mid-day trading on Friday, hitting $230.49. The stock had a trading volume of 392,038 shares, compared to its average volume of 1,112,593. The stock’s fifty day simple moving average is $226.88 and its 200-day simple moving average is $220.11. The firm has a market capitalization of $48.63 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $232.28.

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.