Telos Capital Management Inc. Purchases 940 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Telos Capital Management Inc. boosted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.9% during the first quarter, HoldingsChannel reports. The fund owned 16,987 shares of the company’s stock after buying an additional 940 shares during the quarter. Telos Capital Management Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,237,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. raised its stake in iShares S&P 500 Value ETF by 38.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock valued at $3,553,106,000 after acquiring an additional 5,207,877 shares during the period. Bank of America Corp DE raised its stake in iShares S&P 500 Value ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock valued at $1,555,395,000 after acquiring an additional 200,707 shares during the period. Stifel Financial Corp raised its stake in iShares S&P 500 Value ETF by 3.5% in the 4th quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock valued at $491,832,000 after acquiring an additional 88,096 shares during the period. Ameriprise Financial Inc. raised its stake in iShares S&P 500 Value ETF by 7.5% in the 4th quarter. Ameriprise Financial Inc. now owns 2,455,376 shares of the company’s stock valued at $468,171,000 after acquiring an additional 171,953 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in iShares S&P 500 Value ETF by 10.5% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,689,028 shares of the company’s stock valued at $321,895,000 after buying an additional 161,055 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.3%

Shares of IVE opened at $197.82 on Thursday. The business’s 50-day moving average price is $190.78 and its 200-day moving average price is $190.12. iShares S&P 500 Value ETF has a twelve month low of $165.45 and a twelve month high of $206.63. The stock has a market cap of $39.61 billion, a PE ratio of 20.70 and a beta of 0.94.

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.