The Manufacturers Life Insurance Company Acquires Shares of 439,034 iShares S&P 500 Value ETF $IVE

The Manufacturers Life Insurance Company bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 439,034 shares of the company’s stock, valued at approximately $92,702,000. The Manufacturers Life Insurance Company owned 0.20% of iShares S&P 500 Value ETF as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Cassaday & Co Wealth Management LLC increased its holdings in iShares S&P 500 Value ETF by 3,286.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after purchasing an additional 1,119,709 shares during the period. Morgan Stanley raised its position in iShares S&P 500 Value ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after purchasing an additional 1,068,945 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares S&P 500 Value ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after buying an additional 821,872 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 47.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after buying an additional 816,767 shares during the period. Finally, CWM LLC grew its position in shares of iShares S&P 500 Value ETF by 37.5% during the 4th quarter. CWM LLC now owns 2,579,248 shares of the company’s stock worth $546,981,000 after buying an additional 702,987 shares in the last quarter.

iShares S&P 500 Value ETF Trading Down 0.9%

Shares of iShares S&P 500 Value ETF stock opened at $232.36 on Thursday. The firm has a market cap of $49.12 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 12 month low of $193.90 and a 12 month high of $234.91. The stock’s fifty day moving average price is $228.64 and its 200-day moving average price is $221.73.

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.