HighTower Advisors LLC Boosts Stock Position in iShares S&P 500 Value ETF $IVE

HighTower Advisors LLC grew its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 654,568 shares of the company’s stock after purchasing an additional 41,593 shares during the quarter. HighTower Advisors LLC owned approximately 0.32% of iShares S&P 500 Value ETF worth $135,178,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. FLP Wealth Management LLC grew its holdings in shares of iShares S&P 500 Value ETF by 628.5% during the 3rd quarter. FLP Wealth Management LLC now owns 16,727 shares of the company’s stock valued at $3,454,000 after purchasing an additional 14,431 shares during the last quarter. Great Point Wealth Advisors LLC purchased a new stake in iShares S&P 500 Value ETF during the third quarter valued at about $2,478,000. Detalus Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF by 3.6% during the third quarter. Detalus Advisors LLC now owns 84,033 shares of the company’s stock valued at $17,354,000 after buying an additional 2,909 shares during the last quarter. Curbstone Financial Management Corp purchased a new position in shares of iShares S&P 500 Value ETF in the third quarter worth about $564,000. Finally, American Trust bought a new stake in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at about $806,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $220.29 on Monday. The business has a 50-day moving average of $215.82 and a 200 day moving average of $209.11. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $223.05. The stock has a market capitalization of $49.76 billion, a PE ratio of 20.70 and a beta of 0.89.

iShares S&P 500 Value ETF 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.