IFP Advisors Inc Has $33.77 Million Stock Holdings in iShares S&P 500 Value ETF $IVE

IFP Advisors Inc trimmed its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.6% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 148,739 shares of the company’s stock after selling 4,004 shares during the period. iShares S&P 500 Value ETF comprises approximately 0.6% of IFP Advisors Inc’s holdings, making the stock its 22nd largest holding. IFP Advisors Inc owned about 0.07% of iShares S&P 500 Value ETF worth $33,773,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. JPMorgan Chase & Co. lifted its stake in shares of 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 purchasing an additional 821,872 shares during the period. Morgan Stanley raised its holdings in shares of iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after acquiring an additional 1,068,945 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares S&P 500 Value ETF by 2.0% in the first quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock valued at $1,997,009,000 after purchasing an additional 182,358 shares in the last quarter. Wells Fargo & Company MN boosted its position in iShares S&P 500 Value ETF by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after acquiring an additional 120,153 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in iShares S&P 500 Value ETF by 22.5% during the fourth quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock worth $723,154,000 after purchasing an additional 627,109 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $235.42 on Wednesday. The stock has a market capitalization of $49.76 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 52 week low of $201.22 and a 52 week high of $239.93. The stock has a 50 day moving average price of $233.94 and a 200 day moving average price of $225.38.

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.