RiverFront Investment Group LLC Has $265,000 Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

RiverFront Investment Group LLC increased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 28.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 1,388 shares of the company’s stock after acquiring an additional 304 shares during the quarter. RiverFront Investment Group LLC’s holdings in iShares S&P 500 Value ETF were worth $265,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in IVE. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after acquiring an additional 76 shares in the last quarter. Kentucky Trust Co bought a new stake in iShares S&P 500 Value ETF during the 4th quarter worth approximately $29,000. Providence First Trust Co acquired a new stake in iShares S&P 500 Value ETF during the 4th quarter worth approximately $31,000. Centricity Wealth Management LLC bought a new position in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $34,000. Finally, Perkins Coie Trust Co acquired a new position in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $35,000.

iShares S&P 500 Value ETF Stock Down 1.5 %

Shares of NYSEARCA:IVE opened at $188.79 on Friday. The firm has a market cap of $36.76 billion, a price-to-earnings ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63. The company’s fifty day simple moving average is $194.16 and its 200 day simple moving average is $195.97.

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.