HighTower Advisors LLC Has $139.87 Million Position in iShares S&P 500 Value ETF $IVE

HighTower Advisors LLC boosted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.8% in the fourth quarter, Holdings Channel.com reports. The firm owned 659,565 shares of the company’s stock after purchasing an additional 4,997 shares during the quarter. HighTower Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $139,874,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Decker Retirement Planning Inc. acquired a new position in iShares S&P 500 Value ETF in the 4th quarter worth about $26,000. United Services Automobile Association acquired a new position in iShares S&P 500 Value ETF in the 2nd quarter worth about $26,000. Palisade Asset Management LLC acquired a new position in iShares S&P 500 Value ETF in the 3rd quarter worth about $29,000. Ransom Advisory Ltd acquired a new position in iShares S&P 500 Value ETF in the 4th quarter worth about $31,000. Finally, Birchbrook Inc. acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at approximately $31,000.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $224.46 on Wednesday. iShares S&P 500 Value ETF has a 52-week low of $185.34 and a 52-week high of $225.90. The firm has a 50 day moving average price of $216.97 and a two-hundred day moving average price of $215.45. The stock has a market cap of $49.56 billion, a P/E ratio of 20.70 and a beta of 0.83.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.