Forte Asset Management LLC Purchases 4,993 Shares of iShares S&P 500 Value ETF $IVE

Forte Asset Management LLC lifted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 20.4% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 29,455 shares of the company’s stock after buying an additional 4,993 shares during the period. iShares S&P 500 Value ETF makes up about 2.9% of Forte Asset Management LLC’s portfolio, making the stock its 14th largest position. Forte Asset Management LLC’s holdings in iShares S&P 500 Value ETF were worth $6,083,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rossmore Private Capital acquired a new position in shares of iShares S&P 500 Value ETF during the third quarter worth $44,000. Envestnet Portfolio Solutions Inc. grew its stake in iShares S&P 500 Value ETF by 0.5% during the 3rd quarter. Envestnet Portfolio Solutions Inc. now owns 1,723,476 shares of the company’s stock worth $355,915,000 after buying an additional 7,827 shares during the last quarter. Probity Advisors Inc. increased its position in iShares S&P 500 Value ETF by 3.5% during the 3rd quarter. Probity Advisors Inc. now owns 293,869 shares of the company’s stock valued at $60,687,000 after buying an additional 9,907 shares in the last quarter. Northstar Asset Management Inc. acquired a new position in iShares S&P 500 Value ETF during the 3rd quarter valued at about $361,000. Finally, Coign Capital Advisors LLC raised its stake in iShares S&P 500 Value ETF by 1.3% in the third quarter. Coign Capital Advisors LLC now owns 13,703 shares of the company’s stock valued at $2,830,000 after buying an additional 180 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 0.4%

IVE opened at $216.35 on Friday. The company has a market cap of $48.91 billion, a P/E ratio of 20.70 and a beta of 0.89. The firm’s 50-day moving average price is $212.82 and its 200-day moving average price is $206.78. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $218.44.

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.