Merkkuri Wealth Advisors LLC Grows Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Merkkuri Wealth Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 59.9% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,726 shares of the company’s stock after buying an additional 2,893 shares during the quarter. iShares S&P 500 Value ETF makes up 1.3% of Merkkuri Wealth Advisors LLC’s holdings, making the stock its 27th largest holding. Merkkuri Wealth Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $1,472,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of IVE. Raymond James Financial Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter valued at $311,273,000. Sofi Wealth LLC lifted its stake in iShares S&P 500 Value ETF by 6,106.5% in the 1st quarter. Sofi Wealth LLC now owns 897,268 shares of the company’s stock worth $171,001,000 after purchasing an additional 882,811 shares in the last quarter. Park Avenue Securities LLC lifted its stake in iShares S&P 500 Value ETF by 53.1% in the 1st quarter. Park Avenue Securities LLC now owns 1,450,465 shares of the company’s stock worth $276,430,000 after purchasing an additional 502,776 shares in the last quarter. Envestnet Asset Management Inc. lifted its stake in iShares S&P 500 Value ETF by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock worth $2,564,620,000 after purchasing an additional 493,784 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in iShares S&P 500 Value ETF by 18,958.0% in the 1st quarter. GAMMA Investing LLC now owns 477,975 shares of the company’s stock worth $91,092,000 after purchasing an additional 475,467 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.2%

Shares of IVE stock opened at $190.27 on Friday. The stock has a market cap of $38.15 billion, a P/E ratio of 20.88 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. The company’s fifty day simple moving average is $186.60 and its two-hundred day simple moving average is $190.18.

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.