243 Shares in iShares S&P 500 Value ETF (NYSEARCA:IVE) Acquired by Scarborough Advisors LLC

Scarborough Advisors LLC acquired a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, Holdings Channel.com reports. The fund acquired 243 shares of the company’s stock, valued at approximately $42,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its position in iShares S&P 500 Value ETF by 0.3% in the 4th quarter. Wells Fargo & Company MN now owns 7,565,945 shares of the company’s stock valued at $1,315,642,000 after acquiring an additional 25,641 shares in the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 8.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,314,163 shares of the company’s stock valued at $750,190,000 after buying an additional 351,478 shares during the period. UBS Group AG lifted its holdings in shares of iShares S&P 500 Value ETF by 0.4% during the 4th quarter. UBS Group AG now owns 3,558,382 shares of the company’s stock valued at $618,767,000 after buying an additional 14,425 shares during the period. Stifel Financial Corp lifted its holdings in shares of iShares S&P 500 Value ETF by 1.2% during the 4th quarter. Stifel Financial Corp now owns 2,195,335 shares of the company’s stock valued at $381,746,000 after buying an additional 25,246 shares during the period. Finally, LPL Financial LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 1.3% during the 3rd quarter. LPL Financial LLC now owns 1,940,992 shares of the company’s stock valued at $298,602,000 after buying an additional 23,973 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $181.98 on Wednesday. The business’s fifty day moving average price is $181.84 and its 200-day moving average price is $178.52. The stock has a market capitalization of $32.60 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1-year low of $147.23 and a 1-year high of $187.24.

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.