Detalus Advisors LLC Boosts Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Detalus Advisors LLC grew its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.8% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 52,649 shares of the company’s stock after buying an additional 929 shares during the quarter. iShares S&P 500 Value ETF accounts for 3.3% of Detalus Advisors LLC’s holdings, making the stock its 7th biggest position. Detalus Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $10,050,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of the company. Stifel Financial Corp lifted its position in shares of iShares S&P 500 Value ETF by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock worth $490,670,000 after buying an additional 60,868 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of iShares S&P 500 Value ETF by 7.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after purchasing an additional 139,651 shares during the last quarter. Huntington National Bank increased its stake in shares of iShares S&P 500 Value ETF by 6.9% during the 3rd quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock worth $206,225,000 after purchasing an additional 67,448 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of iShares S&P 500 Value ETF by 5.8% during the 4th quarter. Park Avenue Securities LLC now owns 947,689 shares of the company’s stock worth $180,895,000 after purchasing an additional 51,773 shares during the last quarter. Finally, MAI Capital Management increased its stake in shares of iShares S&P 500 Value ETF by 1.8% during the 3rd quarter. MAI Capital Management now owns 754,586 shares of the company’s stock worth $148,782,000 after purchasing an additional 13,079 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 1.3 %

Shares of IVE stock opened at $197.20 on Monday. The company has a 50 day moving average of $194.49 and a 200-day moving average of $196.29. 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 cap of $35.97 billion, a P/E ratio of 22.47 and a beta of 0.95.

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.