Rehmann Capital Advisory Group Acquires 28,170 Shares of iShares S&P 500 Value ETF $IVE

Rehmann Capital Advisory Group increased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.3% during the 4th quarter, Holdings Channel reports. The institutional investor owned 684,489 shares of the company’s stock after acquiring an additional 28,170 shares during the quarter. iShares S&P 500 Value ETF comprises about 7.6% of Rehmann Capital Advisory Group’s holdings, making the stock its largest position. Rehmann Capital Advisory Group’s holdings in iShares S&P 500 Value ETF were worth $145,674,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in IVE. Simplex Trading LLC bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $25,000. Decker Retirement Planning Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth $26,000. United Services Automobile Association bought a new stake in shares of iShares S&P 500 Value ETF in the second quarter worth $26,000. Finally, Palisade Asset Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth $29,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $226.38 on Friday. The company has a market capitalization of $49.98 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a twelve month low of $189.67 and a twelve month high of $230.05. The stock has a fifty day simple moving average of $224.14 and a 200 day simple moving average of $218.40.

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. 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.