iShares S&P 500 Value ETF $IVE is Cassaday & Co Wealth Management LLC’s 7th Largest Position

Cassaday & Co Wealth Management LLC raised its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.8% during the first quarter, Holdings Channel reports. The firm owned 1,197,963 shares of the company’s stock after buying an additional 44,187 shares during the quarter. iShares S&P 500 Value ETF comprises 5.4% of Cassaday & Co Wealth Management LLC’s portfolio, making the stock its 7th largest holding. Cassaday & Co Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $252,950,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Rice Partnership LLC grew its stake in shares of iShares S&P 500 Value ETF by 17.3% in the first quarter. Rice Partnership LLC now owns 440 shares of the company’s stock valued at $93,000 after buying an additional 65 shares in the last quarter. AlTi Global Inc. lifted its stake in iShares S&P 500 Value ETF by 3.2% during the 1st quarter. AlTi Global Inc. now owns 11,816 shares of the company’s stock worth $2,495,000 after acquiring an additional 363 shares in the last quarter. Earned Wealth Advisors LLC acquired a new position in iShares S&P 500 Value ETF during the 1st quarter worth about $211,000. Meeder Advisory Services Inc. boosted its holdings in iShares S&P 500 Value ETF by 19.1% during the 1st quarter. Meeder Advisory Services Inc. now owns 3,016 shares of the company’s stock valued at $637,000 after acquiring an additional 484 shares during the period. Finally, Scarborough Advisors LLC purchased a new position in iShares S&P 500 Value ETF during the 1st quarter valued at about $19,329,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $229.73 on Tuesday. The company has a market cap of $48.58 billion, a P/E ratio of 20.70 and a beta of 0.82. The stock has a 50-day moving average of $227.68 and a two-hundred day moving average of $220.87. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $233.57.

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.