iShares S&P 500 Value ETF (NYSEARCA:IVE) Stake Raised by First Merchants Corp

First Merchants Corp lifted its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,408 shares of the company’s stock after buying an additional 1,586 shares during the period. First Merchants Corp’s holdings in iShares S&P 500 Value ETF were worth $18,211,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Chesapeake Wealth Management boosted its position in iShares S&P 500 Value ETF by 3.8% during the 3rd quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock worth $272,000 after acquiring an additional 50 shares during the period. West Coast Financial LLC lifted its holdings in iShares S&P 500 Value ETF by 0.3% in the fourth quarter. West Coast Financial LLC now owns 16,432 shares of the company’s stock worth $3,137,000 after purchasing an additional 53 shares during the period. SWP Financial LLC grew its position in iShares S&P 500 Value ETF by 0.4% in the 4th quarter. SWP Financial LLC now owns 12,799 shares of the company’s stock valued at $2,443,000 after buying an additional 54 shares in the last quarter. GDS Wealth Management increased its stake in iShares S&P 500 Value ETF by 3.3% during the 3rd quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock valued at $348,000 after buying an additional 56 shares during the period. Finally, Roble Belko & Company Inc increased its stake in iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Roble Belko & Company Inc now owns 11,238 shares of the company’s stock valued at $2,145,000 after buying an additional 57 shares during the period.

iShares S&P 500 Value ETF Trading Up 0.7 %

Shares of NYSEARCA:IVE opened at $197.04 on Friday. The company has a 50 day moving average of $194.53 and a 200-day moving average of $195.37. The firm has a market cap of $35.30 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a twelve month low of $174.22 and a twelve month 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.