Eastern Bank Has $814,000 Stock Position in iShares S&P 500 Value ETF $IVE

Eastern Bank lifted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,163 shares of the company’s stock after acquiring an additional 220 shares during the period. Eastern Bank’s holdings in iShares S&P 500 Value ETF were worth $814,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of IVE. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 38.8% in the first quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock worth $3,553,106,000 after acquiring an additional 5,207,877 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares S&P 500 Value ETF by 5.5% during the first quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after buying an additional 922,557 shares in the last quarter. Sofi Wealth LLC boosted its stake in iShares S&P 500 Value ETF by 6,106.5% during the first quarter. Sofi Wealth LLC now owns 897,268 shares of the company’s stock worth $171,001,000 after buying an additional 882,811 shares in the last quarter. Liberty Wealth Management LLC boosted its stake in iShares S&P 500 Value ETF by 1,324.3% during the first quarter. Liberty Wealth Management LLC now owns 845,488 shares of the company’s stock worth $161,133,000 after buying an additional 786,127 shares in the last quarter. Finally, CWM LLC boosted its stake in iShares S&P 500 Value ETF by 24.6% during the first quarter. CWM LLC now owns 1,806,062 shares of the company’s stock worth $344,199,000 after buying an additional 356,756 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $202.52 on Friday. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $209.12. The company’s fifty day moving average is $203.21 and its 200-day moving average is $194.00. The company has a market capitalization of $40.93 billion, a PE ratio of 20.70 and a beta of 0.94.

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.