JPMorgan Chase & Co. Has $3.50 Billion Stake in iShares S&P 500 Value ETF $IVE

JPMorgan Chase & Co. increased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.7% during the second quarter, HoldingsChannel reports. The institutional investor owned 17,895,697 shares of the company’s stock after acquiring an additional 119,534 shares during the period. JPMorgan Chase & Co. owned about 0.09% of iShares S&P 500 Value ETF worth $3,497,177,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Flow Traders U.S. LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the first quarter worth about $7,724,000. Geneos Wealth Management Inc. raised its stake in shares of iShares S&P 500 Value ETF by 5.8% in the 1st quarter. Geneos Wealth Management Inc. now owns 45,091 shares of the company’s stock valued at $8,627,000 after acquiring an additional 2,477 shares in the last quarter. LVZ Inc. boosted its position in iShares S&P 500 Value ETF by 2.0% during the second quarter. LVZ Inc. now owns 449,606 shares of the company’s stock worth $87,862,000 after purchasing an additional 8,641 shares during the period. SeaBridge Investment Advisors LLC acquired a new position in iShares S&P 500 Value ETF during the second quarter valued at approximately $1,290,000. Finally, Americana Partners LLC raised its position in shares of iShares S&P 500 Value ETF by 170.7% in the second quarter. Americana Partners LLC now owns 4,090 shares of the company’s stock valued at $799,000 after purchasing an additional 2,579 shares during the period.

iShares S&P 500 Value ETF Trading Down 1.2%

NYSEARCA IVE opened at $203.26 on Friday. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $212.54. The company has a fifty day simple moving average of $207.01 and a 200 day simple moving average of $199.53. The company has a market cap of $41.45 billion, a P/E ratio of 20.70 and a beta of 0.89.

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.