PAX Financial Group LLC Raises Stock Holdings in iShares S&P 500 Value ETF $IVE

PAX Financial Group LLC boosted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 15.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 77,438 shares of the company’s stock after purchasing an additional 10,171 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 2.9% of PAX Financial Group LLC’s holdings, making the stock its 8th biggest position. PAX Financial Group LLC’s holdings in iShares S&P 500 Value ETF were worth $15,133,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of IVE. Envestnet Asset Management Inc. lifted its position in shares of iShares S&P 500 Value ETF by 12.6% in the second quarter. Envestnet Asset Management Inc. now owns 20,983,503 shares of the company’s stock worth $4,100,596,000 after buying an additional 2,339,857 shares in the last quarter. JPMorgan Chase & Co. increased its stake in iShares S&P 500 Value ETF by 5.5% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after acquiring an additional 922,557 shares during the last quarter. Liberty Wealth Management LLC raised its holdings in shares of iShares S&P 500 Value ETF by 1,324.3% during the 1st quarter. Liberty Wealth Management LLC now owns 845,488 shares of the company’s stock worth $161,133,000 after acquiring an additional 786,127 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares S&P 500 Value ETF by 20.2% during the 1st quarter. Cetera Investment Advisers now owns 1,960,044 shares of the company’s stock worth $373,545,000 after acquiring an additional 328,727 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of iShares S&P 500 Value ETF by 51.9% during the 1st quarter. NewEdge Advisors LLC now owns 733,872 shares of the company’s stock valued at $139,861,000 after acquiring an additional 250,790 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $209.61 on Monday. The firm has a fifty day moving average price of $206.79 and a 200 day moving average price of $199.15. iShares S&P 500 Value ETF has a fifty-two week low of $165.45 and a fifty-two week high of $212.54. The firm has a market cap of $42.75 billion, a PE ratio of 20.70 and a beta of 0.89.

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.