iShares S&P 500 Value ETF (NYSEARCA:IVE) is Hobbs Wealth Management LLC’s 5th Largest Position

Hobbs Wealth Management LLC increased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 36.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,003 shares of the company’s stock after purchasing an additional 8,069 shares during the period. iShares S&P 500 Value ETF accounts for about 6.3% of Hobbs Wealth Management LLC’s holdings, making the stock its 5th biggest holding. Hobbs Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $5,718,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at about $311,273,000. Sofi Wealth LLC boosted its stake in iShares S&P 500 Value ETF by 6,106.5% in the 1st quarter. Sofi Wealth LLC now owns 897,268 shares of the company’s stock worth $171,001,000 after purchasing an additional 882,811 shares during the period. Park Avenue Securities LLC boosted its stake in iShares S&P 500 Value ETF by 53.1% in the 1st quarter. Park Avenue Securities LLC now owns 1,450,465 shares of the company’s stock worth $276,430,000 after purchasing an additional 502,776 shares during the period. Envestnet Asset Management Inc. lifted its position in iShares S&P 500 Value ETF by 3.8% in the 4th quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock worth $2,564,620,000 after buying an additional 493,784 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of iShares S&P 500 Value ETF by 18,958.0% during the 1st quarter. GAMMA Investing LLC now owns 477,975 shares of the company’s stock valued at $91,092,000 after purchasing an additional 475,467 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.4%

iShares S&P 500 Value ETF stock opened at $194.35 on Friday. The company has a market capitalization of $39.03 billion, a P/E ratio of 20.88 and a beta of 0.94. The firm’s fifty day simple moving average is $188.07 and its 200-day simple moving average is $189.91. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $206.63.

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.