GWN Securities Inc. Invests $1.20 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

GWN Securities Inc. bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, HoldingsChannel reports. The firm bought 6,120 shares of the company’s stock, valued at approximately $1,198,000.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $311,273,000. USA Financial Formulas acquired a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $77,191,000. Davis Selected Advisers lifted its stake in shares of iShares S&P 500 Value ETF by 1,452.8% in the 4th quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock valued at $37,637,000 after purchasing an additional 184,477 shares during the period. PNC Financial Services Group Inc. raised its holdings in iShares S&P 500 Value ETF by 8.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock worth $408,993,000 after purchasing an additional 167,028 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of iShares S&P 500 Value ETF by 28.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock valued at $120,955,000 after buying an additional 136,769 shares during the period.

iShares S&P 500 Value ETF Stock Up 1.6 %

Shares of IVE stock opened at $188.81 on Friday. The firm has a market capitalization of $36.68 billion, a price-to-earnings ratio of 22.06 and a beta of 0.94. 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 fifty day moving average of $194.27 and a 200-day moving average of $196.20.

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.