Valpey Financial Services LLC Buys 620,240 Shares of iShares S&P 500 Value ETF $IVE

Valpey Financial Services LLC raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 21,032.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 623,189 shares of the company’s stock after acquiring an additional 620,240 shares during the period. Valpey Financial Services LLC’s holdings in iShares S&P 500 Value ETF were worth $132,160,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of IVE. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $26,000. United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF in the second quarter valued at about $26,000. Palisade Asset Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the third quarter valued at about $29,000. Ransom Advisory Ltd purchased a new position in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $31,000. Finally, Birchbrook Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $31,000.

iShares S&P 500 Value ETF Trading Up 0.1%

IVE stock opened at $228.32 on Friday. The firm’s 50-day moving average price is $218.88 and its two-hundred day moving average price is $216.40. iShares S&P 500 Value ETF has a 12-month low of $187.50 and a 12-month high of $228.95. The stock has a market capitalization of $50.41 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83.

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.