iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Acquired by PAX Financial Group LLC

PAX Financial Group LLC lifted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.2% in the fourth quarter, Holdings Channel reports. The firm owned 45,494 shares of the company’s stock after buying an additional 3,447 shares during the period. iShares S&P 500 Value ETF accounts for about 1.6% of PAX Financial Group LLC’s investment portfolio, making the stock its 13th largest position. PAX Financial Group LLC’s holdings in iShares S&P 500 Value ETF were worth $8,684,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IVE. Benjamin Edwards Inc. acquired a new stake in iShares S&P 500 Value ETF during the 3rd quarter worth $243,000. Chevy Chase Trust Holdings LLC lifted its stake in shares of iShares S&P 500 Value ETF by 27.3% in the third quarter. Chevy Chase Trust Holdings LLC now owns 7,720 shares of the company’s stock worth $1,522,000 after buying an additional 1,657 shares in the last quarter. Resurgent Financial Advisors LLC boosted its position in iShares S&P 500 Value ETF by 2.7% during the third quarter. Resurgent Financial Advisors LLC now owns 4,808 shares of the company’s stock worth $948,000 after acquiring an additional 128 shares during the last quarter. Quantinno Capital Management LP grew its stake in iShares S&P 500 Value ETF by 68.6% during the 3rd quarter. Quantinno Capital Management LP now owns 12,280 shares of the company’s stock valued at $2,421,000 after acquiring an additional 4,998 shares in the last quarter. Finally, Swmg LLC grew its stake in iShares S&P 500 Value ETF by 2.1% during the 3rd quarter. Swmg LLC now owns 27,222 shares of the company’s stock valued at $5,484,000 after acquiring an additional 553 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

IVE opened at $183.31 on Friday. The firm has a market capitalization of $35.69 billion, a price-to-earnings ratio of 21.80 and a beta of 0.94. The company’s 50 day simple moving average is $193.63 and its two-hundred day simple moving average is $195.83. iShares S&P 500 Value ETF has a 1-year low of $176.09 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.