Brookstone Capital Management Grows Position in iShares S&P 500 Value ETF $IVE

Brookstone Capital Management increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 15.1% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 98,596 shares of the company’s stock after buying an additional 12,906 shares during the quarter. Brookstone Capital Management’s holdings in iShares S&P 500 Value ETF were worth $19,268,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its stake in iShares S&P 500 Value ETF by 38.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock worth $3,553,106,000 after buying an additional 5,207,877 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares S&P 500 Value ETF by 5.5% during the 1st quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after buying an additional 922,557 shares during the last quarter. Goldman Sachs Group Inc. grew its stake in iShares S&P 500 Value ETF by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock worth $493,603,000 after buying an additional 105,418 shares during the last quarter. Ameriprise Financial Inc. grew its stake in iShares S&P 500 Value ETF by 3.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock worth $485,361,000 after buying an additional 90,856 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in iShares S&P 500 Value ETF by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,257,076 shares of the company’s stock worth $430,153,000 after buying an additional 114,406 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 0.3%

NYSEARCA:IVE opened at $208.99 on Wednesday. The stock’s 50 day moving average price is $204.42 and its 200 day moving average price is $194.94. The company has a market capitalization of $42.40 billion, a PE ratio of 20.70 and a beta of 0.94. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $209.57.

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.