Fonville Wealth Management LLC Takes $1.46 Million Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Fonville Wealth Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 8,367 shares of the company’s stock, valued at approximately $1,455,000.

A number of other institutional investors and hedge funds also recently modified their holdings of IVE. Sage Financial Group Inc. acquired a new stake in iShares S&P 500 Value ETF during the 4th quarter worth approximately $217,000. Financial Enhancement Group LLC increased its position in iShares S&P 500 Value ETF by 35.5% during the 4th quarter. Financial Enhancement Group LLC now owns 50,751 shares of the company’s stock worth $8,683,000 after purchasing an additional 13,298 shares in the last quarter. Cullen Frost Bankers Inc. increased its position in iShares S&P 500 Value ETF by 19.8% during the 3rd quarter. Cullen Frost Bankers Inc. now owns 97,534 shares of the company’s stock worth $15,005,000 after purchasing an additional 16,129 shares in the last quarter. Smith Anglin Financial LLC increased its position in iShares S&P 500 Value ETF by 4.8% during the 4th quarter. Smith Anglin Financial LLC now owns 376,324 shares of the company’s stock worth $65,439,000 after purchasing an additional 17,236 shares in the last quarter. Finally, Edmonds Duncan Registered Investment Advisors LLC increased its position in iShares S&P 500 Value ETF by 28.6% during the 4th quarter. Edmonds Duncan Registered Investment Advisors LLC now owns 22,880 shares of the company’s stock worth $3,979,000 after purchasing an additional 5,095 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE traded up $0.33 on Thursday, reaching $176.91. 427,065 shares of the company’s stock were exchanged, compared to its average volume of 995,387. iShares S&P 500 Value ETF has a twelve month low of $147.23 and a twelve month high of $187.24. The company’s 50 day moving average is $180.87 and its 200-day moving average is $170.47. The company has a market cap of $31.75 billion, a price-to-earnings ratio of 23.70 and a beta of 0.87.

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.