Apollon Wealth Management LLC Raises Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Apollon Wealth Management LLC grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 29,424 shares of the company’s stock after purchasing an additional 1,362 shares during the quarter. Apollon Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $5,802,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. International Assets Investment Management LLC grew its position in iShares S&P 500 Value ETF by 18,046.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock valued at $262,938,000 after buying an additional 1,326,211 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of iShares S&P 500 Value ETF by 905.6% in the 1st quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock worth $263,498,000 after buying an additional 1,270,256 shares in the last quarter. JPMorgan Chase & Co. raised its stake in 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. Sanctuary Advisors LLC acquired a new position in iShares S&P 500 Value ETF in the 2nd quarter valued at about $82,555,000. Finally, Envestnet Asset Management Inc. increased its stake in shares of 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 valued at $2,253,356,000 after acquiring an additional 420,007 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $202.59 on Tuesday. The company has a 50-day moving average of $196.49 and a 200-day moving average of $189.08. The company has a market cap of $36.29 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 $157.33 and a 12 month high of $203.67.

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.