Raleigh Capital Management Inc. Boosts Position in iShares S&P 500 Value ETF $IVE

Raleigh Capital Management Inc. raised its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 36.8% in the fourth quarter, Holdings Channel reports. The institutional investor owned 12,539 shares of the company’s stock after buying an additional 3,374 shares during the quarter. iShares S&P 500 Value ETF comprises about 1.0% of Raleigh Capital Management Inc.’s portfolio, making the stock its 22nd biggest position. Raleigh Capital Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,659,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IVE. Envestnet Asset Management Inc. grew its holdings in iShares S&P 500 Value ETF by 5.4% during the 3rd quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock valued at $4,568,288,000 after buying an additional 1,137,886 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of iShares S&P 500 Value ETF by 40.4% during the fourth quarter. Park Avenue Securities LLC now owns 2,467,550 shares of the company’s stock worth $523,293,000 after purchasing an additional 710,518 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 19.0% during the second quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock worth $591,818,000 after purchasing an additional 484,782 shares in the last quarter. EP Wealth Advisors LLC grew its holdings in shares of iShares S&P 500 Value ETF by 795.8% during the second quarter. EP Wealth Advisors LLC now owns 373,966 shares of the company’s stock worth $73,081,000 after purchasing an additional 332,218 shares in the last quarter. Finally, Two Sigma Investments LP grew its holdings in shares of iShares S&P 500 Value ETF by 700.0% during the third quarter. Two Sigma Investments LP now owns 327,200 shares of the company’s stock worth $67,570,000 after purchasing an additional 286,300 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.4%

Shares of NYSEARCA IVE opened at $212.74 on Tuesday. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $223.05. The firm has a market capitalization of $46.95 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The business has a 50-day moving average of $216.35 and a 200-day moving average of $212.57.

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. 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.