LaSalle St. Investment Advisors LLC Buys 1,846 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

LaSalle St. Investment Advisors LLC raised its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 150.2% during the fourth quarter, Holdings Channel reports. The institutional investor owned 3,075 shares of the company’s stock after buying an additional 1,846 shares during the quarter. LaSalle St. Investment Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $587,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of IVE. Envestnet Asset Management Inc. boosted its holdings in iShares S&P 500 Value ETF by 3.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock valued at $2,564,620,000 after acquiring an additional 493,784 shares during the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of iShares S&P 500 Value ETF by 8.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after purchasing an additional 167,028 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $311,273,000. Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares S&P 500 Value ETF by 3.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,527,973 shares of the company’s stock worth $291,659,000 after buying an additional 49,640 shares during the last quarter. Finally, Huntington National Bank raised its stake in shares of iShares S&P 500 Value ETF by 4.6% during the fourth quarter. Huntington National Bank now owns 1,094,262 shares of the company’s stock worth $208,873,000 after buying an additional 48,336 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $178.31 on Monday. The firm’s 50 day moving average price is $190.08 and its two-hundred day moving average price is $194.62. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $206.63. The stock has a market cap of $35.00 billion, a PE ratio of 20.32 and a beta of 0.88.

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.