Fairscale Capital LLC Makes New Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Fairscale Capital LLC purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 6,890 shares of the company’s stock, valued at approximately $1,304,000. iShares S&P 500 Value ETF comprises 1.1% of Fairscale Capital LLC’s investment portfolio, making the stock its 20th largest holding.

A number of other hedge funds also recently modified their holdings of IVE. Palisade Asset Management LLC bought a new position in iShares S&P 500 Value ETF during the first quarter worth about $26,000. Vima LLC purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter worth about $27,000. CarsonAllaria Wealth Management Ltd. boosted its stake 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 purchasing an additional 110 shares during the period. Northwest Investment Counselors LLC purchased a new position in iShares S&P 500 Value ETF during the 1st quarter valued at about $29,000. Finally, Fortis Group Advisors LLC increased its position in shares of iShares S&P 500 Value ETF by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock valued at $35,000 after buying an additional 100 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.2 %

IVE stock opened at $196.26 on Friday. The firm has a 50 day moving average of $190.63 and a 200-day moving average of $185.31. The firm has a market capitalization of $35.16 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $197.39.

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.