Eastern Bank Takes Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Eastern Bank purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 5,132 shares of the company’s stock, valued at approximately $1,012,000.

Several other institutional investors have also recently made changes to their positions in IVE. BKM Wealth Management LLC grew its holdings in iShares S&P 500 Value ETF by 2.9% during the 1st quarter. BKM Wealth Management LLC now owns 63,882 shares of the company’s stock valued at $11,934,000 after buying an additional 1,802 shares in the last quarter. Sutton Place Investors LLC grew its position in shares of iShares S&P 500 Value ETF by 9.3% during the second quarter. Sutton Place Investors LLC now owns 5,704 shares of the company’s stock valued at $1,038,000 after purchasing an additional 483 shares in the last quarter. FinTrust Capital Advisors LLC increased its holdings in shares of iShares S&P 500 Value ETF by 2,406.7% in the first quarter. FinTrust Capital Advisors LLC now owns 1,504 shares of the company’s stock worth $281,000 after purchasing an additional 1,444 shares during the last quarter. NBC Securities Inc. boosted its stake in iShares S&P 500 Value ETF by 33.3% during the third quarter. NBC Securities Inc. now owns 2,148 shares of the company’s stock valued at $423,000 after buying an additional 536 shares during the last quarter. Finally, Financial Partners Group Inc increased its stake in iShares S&P 500 Value ETF by 2.7% in the 2nd quarter. Financial Partners Group Inc now owns 2,784 shares of the company’s stock worth $507,000 after acquiring an additional 74 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $198.52 on Wednesday. The stock’s 50 day moving average price is $195.14 and its 200-day moving average price is $187.47. The stock has a market cap of $35.56 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a one year low of $147.23 and a one year high of $201.08.

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.