Gladstone Institutional Advisory LLC Raises Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Gladstone Institutional Advisory LLC boosted its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 7.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 100,778 shares of the company’s stock after buying an additional 6,560 shares during the period. iShares S&P 500 Value ETF makes up 1.0% of Gladstone Institutional Advisory LLC’s holdings, making the stock its 18th largest position. Gladstone Institutional Advisory LLC’s holdings in iShares S&P 500 Value ETF were worth $19,870,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position in shares of iShares S&P 500 Value ETF by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock valued at $3,320,751,000 after purchasing an additional 861,704 shares during the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 3.5% in the second 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 last quarter. LPL Financial LLC lifted its stake in shares of iShares S&P 500 Value ETF by 4.9% during the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock worth $775,111,000 after buying an additional 200,427 shares during the period. US Bancorp DE grew its holdings in shares of iShares S&P 500 Value ETF by 9.9% during 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 last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of iShares S&P 500 Value ETF by 3.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock valued at $259,313,000 after acquiring an additional 47,074 shares during the period.

iShares S&P 500 Value ETF Stock Performance

IVE stock traded up $1.41 during midday trading on Friday, reaching $196.05. The stock had a trading volume of 133,688 shares, compared to its average volume of 678,839. The firm has a fifty day simple moving average of $196.02 and a two-hundred day simple moving average of $188.11. The stock has a market cap of $35.12 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 52-week low of $153.65 and a 52-week high of $201.08.

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.