iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Acquired by Pettinga Financial Advisors LLC

Pettinga Financial Advisors LLC raised its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.2% in the 4th quarter, Holdings Channel reports. The firm owned 77,048 shares of the company’s stock after acquiring an additional 1,693 shares during the period. iShares S&P 500 Value ETF accounts for approximately 3.3% of Pettinga Financial Advisors LLC’s holdings, making the stock its 8th largest position. Pettinga Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $14,707,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Pinkerton Retirement Specialists LLC acquired a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $35,592,000. Novak & Powell Financial Services Inc. raised its position in iShares S&P 500 Value ETF by 9.2% during the fourth quarter. Novak & Powell Financial Services Inc. now owns 3,969 shares of the company’s stock valued at $758,000 after purchasing an additional 336 shares in the last quarter. First Heartland Consultants Inc. raised its position in iShares S&P 500 Value ETF by 10.7% during the fourth quarter. First Heartland Consultants Inc. now owns 37,985 shares of the company’s stock valued at $7,251,000 after purchasing an additional 3,672 shares in the last quarter. Talisman Wealth Advisors LLC acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $203,000. Finally, Waverly Advisors LLC increased its holdings in shares of iShares S&P 500 Value ETF by 17.4% during the fourth quarter. Waverly Advisors LLC now owns 108,328 shares of the company’s stock worth $20,678,000 after buying an additional 16,017 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $187.40 on Friday. The company has a fifty day moving average of $184.11 and a 200-day moving average of $192.03. The company has a market capitalization of $37.35 billion, a PE ratio of 21.18 and a beta of 0.89. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $206.63.

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.