Spinnaker Investment Group LLC Takes Position in iShares S&P 500 Value ETF $IVE

Spinnaker Investment Group LLC acquired a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 2nd quarter, Holdings Channel reports. The fund acquired 2,863 shares of the company’s stock, valued at approximately $650,000.

A number of other institutional investors also recently bought and sold shares of IVE. Rockwood Wealth Management LLC grew its holdings in shares of iShares S&P 500 Value ETF by 2.7% during the first quarter. Rockwood Wealth Management LLC now owns 1,785 shares of the company’s stock valued at $377,000 after buying an additional 47 shares during the last quarter. Flagship Private Wealth LLC grew its stake in iShares S&P 500 Value ETF by 1.1% during the 4th quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock valued at $901,000 after purchasing an additional 48 shares during the last quarter. Patten & Patten Inc. TN grew its stake in iShares S&P 500 Value ETF by 4.8% during the 4th quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock valued at $222,000 after purchasing an additional 48 shares during the last quarter. Bernardo Wealth Planning LLC increased its holdings in shares of iShares S&P 500 Value ETF by 0.5% in the fourth quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock valued at $2,014,000 after purchasing an additional 49 shares during the period. Finally, Stegner Investment Associates Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 0.3% in the fourth quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock valued at $3,457,000 after purchasing an additional 49 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.2%

Shares of NYSEARCA:IVE opened at $236.33 on Tuesday. iShares S&P 500 Value ETF has a 52-week low of $198.04 and a 52-week high of $236.39. The stock has a market cap of $49.95 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The business has a 50-day moving average price of $229.71 and a 200-day moving average price of $222.72.

About iShares S&P 500 Value ETF

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.