GeoWealth Management LLC Increases Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

GeoWealth Management LLC grew its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 392.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 7,769 shares of the company’s stock after acquiring an additional 6,192 shares during the quarter. GeoWealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $1,483,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in IVE. Envestnet Asset Management Inc. increased its stake in iShares S&P 500 Value ETF by 3.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock valued at $2,564,620,000 after purchasing an additional 493,784 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 8.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after buying an additional 167,028 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $311,273,000. Envestnet Portfolio Solutions Inc. grew its position in shares of iShares S&P 500 Value ETF by 3.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,527,973 shares of the company’s stock valued at $291,659,000 after buying an additional 49,640 shares during the last quarter. Finally, Huntington National Bank raised its stake in iShares S&P 500 Value ETF by 4.6% during the 4th quarter. Huntington National Bank now owns 1,094,262 shares of the company’s stock worth $208,873,000 after acquiring an additional 48,336 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $177.38 on Friday. The company has a fifty day moving average of $188.34 and a two-hundred day moving average of $194.02. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $206.63. The company has a market capitalization of $34.82 billion, a PE ratio of 20.32 and a beta of 0.88.

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.