Sovran Advisors LLC Has $16.31 Million Stake in iShares S&P 500 Value ETF $IVE

Sovran Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 29.2% in the 3rd quarter, Holdings Channel reports. The firm owned 78,275 shares of the company’s stock after buying an additional 17,668 shares during the period. iShares S&P 500 Value ETF accounts for approximately 1.4% of Sovran Advisors LLC’s holdings, making the stock its 9th biggest position. Sovran Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $16,307,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVE. Brighton Jones LLC boosted its stake in shares of iShares S&P 500 Value ETF by 0.8% in the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after buying an additional 112 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 6,385.7% in the first quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock worth $83,000 after buying an additional 447 shares during the last quarter. ST Germain D J Co. Inc. grew its position in iShares S&P 500 Value ETF by 24.8% during the second quarter. ST Germain D J Co. Inc. now owns 568 shares of the company’s stock valued at $111,000 after buying an additional 113 shares during the period. SeaBridge Investment Advisors LLC purchased a new stake in iShares S&P 500 Value ETF during the second quarter valued at approximately $1,290,000. Finally, Tempus Wealth Planning LLC increased its holdings in iShares S&P 500 Value ETF by 24.9% during the second quarter. Tempus Wealth Planning LLC now owns 6,867 shares of the company’s stock valued at $1,342,000 after buying an additional 1,371 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of iShares S&P 500 Value ETF stock opened at $216.35 on Monday. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $218.44. The company’s fifty day simple moving average is $212.82 and its 200-day simple moving average is $206.91. The stock has a market capitalization of $48.91 billion, a PE ratio of 20.70 and a beta of 0.89.

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. 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.