Western Wealth Management LLC Purchases 2,361 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Western Wealth Management LLC raised its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,731 shares of the company’s stock after acquiring an additional 2,361 shares during the period. Western Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $9,668,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Pinney & Scofield Inc. bought a new stake in iShares S&P 500 Value ETF in the fourth quarter worth $26,000. Providence First Trust Co bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at $31,000. IMG Wealth Management Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the 1st quarter worth $34,000. SJS Investment Consulting Inc. bought a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter worth about $37,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter worth about $38,000.

iShares S&P 500 Value ETF Trading Down 0.3%

Shares of NYSEARCA IVE opened at $192.51 on Thursday. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $206.63. The firm’s 50-day moving average price is $187.41 and its 200-day moving average price is $190.06. The stock has a market capitalization of $38.60 billion, a price-to-earnings ratio of 20.88 and a beta of 0.89.

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.