iShares S&P 500 Value ETF $IVE is Pettinga Financial Advisors LLC’s 5th Largest Position

Pettinga Financial Advisors LLC raised its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 14.0% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 113,618 shares of the company’s stock after purchasing an additional 13,974 shares during the period. iShares S&P 500 Value ETF accounts for 4.9% of Pettinga Financial Advisors LLC’s holdings, making the stock its 5th biggest position. Pettinga Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $22,203,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Cloud Capital Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 1st quarter worth approximately $27,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 1st quarter worth approximately $29,000. Nemes Rush Group LLC increased its stake in shares of iShares S&P 500 Value ETF by 625.0% during the 1st quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock worth $33,000 after purchasing an additional 150 shares during the last quarter. Flaharty Asset Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 1st quarter worth approximately $33,000. Finally, IMG Wealth Management Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the 1st quarter worth approximately $34,000.

iShares S&P 500 Value ETF Stock Up 0.4%

Shares of IVE stock opened at $206.49 on Thursday. The company has a 50 day moving average of $203.76 and a 200-day moving average of $194.29. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $209.12. The firm has a market cap of $41.73 billion, a P/E ratio of 20.70 and a beta of 0.94.

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.