Bush Investment Group LLC Grows Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Bush Investment Group LLC increased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,655 shares of the company’s stock after purchasing an additional 529 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 1.4% of Bush Investment Group LLC’s portfolio, making the stock its 14th biggest position. Bush Investment Group LLC’s holdings in iShares S&P 500 Value ETF were worth $1,843,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of IVE. Rathbones Group PLC increased its position in shares of iShares S&P 500 Value ETF by 13.9% during the fourth quarter. Rathbones Group PLC now owns 8,881 shares of the company’s stock valued at $1,695,000 after acquiring an additional 1,086 shares during the last quarter. Cerity Partners LLC increased its holdings in iShares S&P 500 Value ETF by 6.9% in the 4th quarter. Cerity Partners LLC now owns 77,391 shares of the company’s stock valued at $14,775,000 after purchasing an additional 5,009 shares during the last quarter. Trek Financial LLC increased its holdings in iShares S&P 500 Value ETF by 7.2% in the 4th quarter. Trek Financial LLC now owns 36,694 shares of the company’s stock valued at $7,004,000 after purchasing an additional 2,479 shares during the last quarter. Peapack Gladstone Financial Corp raised its position in iShares S&P 500 Value ETF by 1.9% in the fourth quarter. Peapack Gladstone Financial Corp now owns 110,354 shares of the company’s stock valued at $21,065,000 after purchasing an additional 2,010 shares during the period. Finally, Wedbush Securities Inc. lifted its stake in iShares S&P 500 Value ETF by 1.1% during the fourth quarter. Wedbush Securities Inc. now owns 6,803 shares of the company’s stock worth $1,298,000 after purchasing an additional 77 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $172.67 on Monday. The company’s 50-day simple moving average is $193.16 and its 200-day simple moving average is $195.67. iShares S&P 500 Value ETF has a 1 year low of $169.40 and a 1 year high of $206.63. The stock has a market capitalization of $33.62 billion, a PE ratio of 21.80 and a beta of 0.94.

About iShares S&P 500 Value ETF

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.