Kestra Investment Management LLC Buys New Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Kestra Investment Management LLC acquired a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 94,629 shares of the company’s stock, valued at approximately $17,223,000. iShares S&P 500 Value ETF accounts for 1.2% of Kestra Investment Management LLC’s holdings, making the stock its 25th biggest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Palisade Asset Management LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter worth approximately $26,000. Vima LLC purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth approximately $27,000. CarsonAllaria Wealth Management Ltd. lifted its holdings in iShares S&P 500 Value ETF by 289.5% in the 1st quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock worth $28,000 after buying an additional 110 shares during the period. Northwest Investment Counselors LLC purchased a new stake in iShares S&P 500 Value ETF in the 1st quarter worth approximately $29,000. Finally, Fortis Group Advisors LLC lifted its holdings in iShares S&P 500 Value ETF by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $35,000 after buying an additional 100 shares during the period.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA IVE opened at $197.17 on Tuesday. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $197.63. The stock has a 50 day simple moving average of $191.60 and a two-hundred day simple moving average of $185.92. The stock has a market cap of $35.32 billion, a P/E ratio of 23.79 and a beta of 0.81.

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.