iShares S&P 500 Value ETF $IVE Shares Acquired by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC boosted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 18.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 653,970 shares of the company’s stock after buying an additional 103,436 shares during the period. iShares S&P 500 Value ETF makes up approximately 2.0% of Foundations Investment Advisors LLC’s portfolio, making the stock its 7th largest holding. Foundations Investment Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $127,799,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also modified their holdings of IVE. Envestnet Asset Management Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 12.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,983,503 shares of the company’s stock valued at $4,100,596,000 after purchasing an additional 2,339,857 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares S&P 500 Value ETF by 5.5% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock valued at $3,387,781,000 after purchasing an additional 922,557 shares during the last quarter. Goldman Sachs Group Inc. increased its position in shares of iShares S&P 500 Value ETF by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock worth $493,603,000 after acquiring an additional 105,418 shares in the last quarter. Ameriprise Financial Inc. grew its position in iShares S&P 500 Value ETF by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock valued at $485,361,000 after acquiring an additional 90,856 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in iShares S&P 500 Value ETF by 4.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,362,479 shares of the company’s stock worth $461,676,000 after buying an additional 105,403 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $209.61 on Friday. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $212.54. The stock’s 50-day simple moving average is $206.79 and its 200-day simple moving average is $198.93. The firm has a market cap of $42.75 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89.

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.