Allstate Corp Raises Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Allstate Corp increased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 30.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 25,620 shares of the company’s stock after acquiring an additional 6,000 shares during the quarter. Allstate Corp’s holdings in iShares S&P 500 Value ETF were worth $4,890,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Kentucky Trust Co purchased a new stake in iShares S&P 500 Value ETF during the fourth quarter worth $29,000. Thurston Springer Miller Herd & Titak Inc. boosted its position in shares of iShares S&P 500 Value ETF by 100.0% in the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after buying an additional 76 shares in the last quarter. Providence First Trust Co acquired a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at about $31,000. Centricity Wealth Management LLC purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $34,000. Finally, Perkins Coie Trust Co purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $35,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $188.79 on Friday. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63. The firm has a market capitalization of $36.76 billion, a PE ratio of 21.80 and a beta of 0.94. The company’s 50 day simple moving average is $194.16 and its 200-day simple moving average is $195.95.

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.