Level Four Advisory Services LLC Has $5.45 Million Stock Position in iShares S&P 500 Value ETF $IVE

Level Four Advisory Services LLC raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 29.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,597 shares of the company’s stock after buying an additional 6,512 shares during the period. Level Four Advisory Services LLC’s holdings in iShares S&P 500 Value ETF were worth $5,450,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 38.8% during the first quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock worth $3,553,106,000 after purchasing an additional 5,207,877 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of iShares S&P 500 Value ETF by 5.5% during the first quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after purchasing an additional 922,557 shares during the period. Bank of America Corp DE lifted its holdings in shares of iShares S&P 500 Value ETF by 2.5% during the fourth quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock worth $1,555,395,000 after purchasing an additional 200,707 shares during the period. Goldman Sachs Group Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock worth $493,603,000 after purchasing an additional 105,418 shares during the period. Finally, Ameriprise Financial Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,455,376 shares of the company’s stock worth $468,171,000 after purchasing an additional 171,953 shares during the period.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $201.67 on Thursday. The firm has a market cap of $40.49 billion, a PE ratio of 20.70 and a beta of 0.94. The firm’s fifty day moving average is $196.86 and its 200-day moving average is $191.26. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $206.63.

iShares S&P 500 Value ETF Company 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.