Cornerstone Planning Group LLC Buys 8,547 Shares of iShares S&P 500 Value ETF $IVE

Cornerstone Planning Group LLC grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 33.1% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 34,367 shares of the company’s stock after purchasing an additional 8,547 shares during the quarter. iShares S&P 500 Value ETF comprises about 1.1% of Cornerstone Planning Group LLC’s portfolio, making the stock its 20th biggest holding. Cornerstone Planning Group LLC’s holdings in iShares S&P 500 Value ETF were worth $7,691,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in IVE. Brighton Jones LLC raised its position in iShares S&P 500 Value ETF by 0.8% during the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after acquiring an additional 112 shares in the last quarter. Great Lakes Advisors LLC grew its position in shares of iShares S&P 500 Value ETF by 6,385.7% in the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after acquiring an additional 447 shares during the period. Schnieders Capital Management LLC. bought a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at about $550,000. Russell Investments Group Ltd. increased its stake in shares of iShares S&P 500 Value ETF by 28.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock worth $416,000 after purchasing an additional 477 shares during the last quarter. Finally, First Trust Advisors LP increased its stake in shares of iShares S&P 500 Value ETF by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock worth $5,184,000 after purchasing an additional 731 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $231.15 on Friday. iShares S&P 500 Value ETF has a 52-week low of $193.90 and a 52-week high of $233.58. The stock has a market cap of $48.88 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The firm’s 50-day moving average is $227.57 and its 200-day moving average is $220.70.

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.