Westmount Partners LLC boosted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 80.3% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 11,689 shares of the company’s stock after purchasing an additional 5,207 shares during the quarter. Westmount Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $2,468,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the company. Simplex Trading LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $26,000. United Services Automobile Association acquired a new position in iShares S&P 500 Value ETF during the second quarter worth about $26,000. Finally, Palisade Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at about $29,000.
iShares S&P 500 Value ETF Stock Performance
IVE stock opened at $226.38 on Friday. The firm has a 50-day moving average of $224.14 and a two-hundred day moving average of $218.40. iShares S&P 500 Value ETF has a 12 month low of $189.67 and a 12 month high of $230.05. The company has a market cap of $49.98 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.
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.
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