Portfolio Resources Advisor Group Inc. Purchases Shares of 39,786 iShares S&P 500 Value ETF $IVE

Portfolio Resources Advisor Group Inc. purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 39,786 shares of the company’s stock, valued at approximately $8,437,000. iShares S&P 500 Value ETF makes up about 8.4% of Portfolio Resources Advisor Group Inc.’s holdings, making the stock its biggest position.

A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its stake in iShares S&P 500 Value ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after buying an additional 821,872 shares in the last quarter. Morgan Stanley lifted its stake in iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after buying an additional 1,068,945 shares in the last quarter. Bank of America Corp DE lifted its stake in iShares S&P 500 Value ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock valued at $1,734,056,000 after buying an additional 72,040 shares in the last quarter. Wells Fargo & Company MN lifted its stake in iShares S&P 500 Value ETF by 2.0% in the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock valued at $1,328,436,000 after buying an additional 120,153 shares in the last quarter. Finally, UBS Group AG raised its holdings in shares of iShares S&P 500 Value ETF by 1.0% in the third quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock valued at $744,423,000 after purchasing an additional 37,372 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $228.73 on Monday. iShares S&P 500 Value ETF has a 12-month low of $189.66 and a 12-month high of $229.53. The company has a market capitalization of $50.50 billion, a PE ratio of 20.70 and a beta of 0.82. The firm’s 50 day moving average is $222.71 and its 200-day moving average is $217.88.

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. 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.