Kelly Financial Services LLC Has $6.30 Million Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Kelly Financial Services LLC increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.9% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 31,960 shares of the company’s stock after buying an additional 583 shares during the period. iShares S&P 500 Value ETF makes up 2.3% of Kelly Financial Services LLC’s holdings, making the stock its 11th biggest holding. Kelly Financial Services LLC’s holdings in iShares S&P 500 Value ETF were worth $6,302,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of IVE. JPMorgan Chase & Co. grew its position in shares of iShares S&P 500 Value ETF by 5.1% during the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after buying an additional 861,704 shares during the period. Envestnet Asset Management Inc. raised its holdings in iShares S&P 500 Value ETF by 3.5% during the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after buying an additional 420,007 shares during the period. LPL Financial LLC lifted its stake in iShares S&P 500 Value ETF by 4.9% in the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after buying an additional 200,427 shares in the last quarter. US Bancorp DE boosted its holdings in shares of iShares S&P 500 Value ETF by 9.9% in the first quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock valued at $287,516,000 after buying an additional 139,258 shares during the period. Finally, CWM LLC increased its position in shares of iShares S&P 500 Value ETF by 228.4% during the first quarter. CWM LLC now owns 1,496,348 shares of the company’s stock worth $279,533,000 after acquiring an additional 1,040,767 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.7 %

Shares of NYSEARCA:IVE opened at $196.93 on Thursday. The firm has a market cap of $35.28 billion, a price-to-earnings 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 $197.63. The company’s fifty day simple moving average is $192.64 and its 200 day simple moving average is $186.53.

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.