Janney Montgomery Scott LLC Acquires 405,698 Shares of iShares S&P 500 Value ETF $IVE

Janney Montgomery Scott LLC increased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 38.1% in the 4th quarter, HoldingsChannel.com reports. The fund owned 1,470,999 shares of the company’s stock after buying an additional 405,698 shares during the period. iShares S&P 500 Value ETF comprises about 0.7% of Janney Montgomery Scott LLC’s holdings, making the stock its 20th biggest position. Janney Montgomery Scott LLC’s holdings in iShares S&P 500 Value ETF were worth $311,955,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Simplex Trading LLC bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at $25,000. Decker Retirement Planning Inc. bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at $26,000. United Services Automobile Association bought a new position in iShares S&P 500 Value ETF during the second quarter valued at $26,000. Finally, Palisade Asset Management LLC bought a new position in iShares S&P 500 Value ETF during the third quarter valued at $29,000.

iShares S&P 500 Value ETF Trading Down 0.8%

Shares of NYSEARCA IVE opened at $224.68 on Thursday. The stock has a fifty day simple moving average of $222.05 and a two-hundred day simple moving average of $217.58. iShares S&P 500 Value ETF has a 1-year low of $189.66 and a 1-year high of $229.53. The firm has a market cap of $49.61 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.

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. 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.