Sharp Financial Services LLC Invests $4.26 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Sharp Financial Services LLC purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 22,314 shares of the company’s stock, valued at approximately $4,259,000. iShares S&P 500 Value ETF accounts for about 3.2% of Sharp Financial Services LLC’s portfolio, making the stock its 13th biggest holding.

A number of other hedge funds have also bought and sold shares of IVE. International Assets Investment Management LLC increased its position in iShares S&P 500 Value ETF by 18,046.1% during the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after acquiring an additional 1,326,211 shares during the period. Sanctuary Advisors LLC bought a new position in iShares S&P 500 Value ETF during the second quarter worth about $82,555,000. USA Financial Formulas bought a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $77,191,000. The Manufacturers Life Insurance Company increased its position in iShares S&P 500 Value ETF by 43.2% during the second quarter. The Manufacturers Life Insurance Company now owns 918,220 shares of the company’s stock worth $167,125,000 after acquiring an additional 277,110 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in iShares S&P 500 Value ETF by 7.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after acquiring an additional 139,651 shares during the period.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $195.41 on Thursday. iShares S&P 500 Value ETF has a 52 week low of $172.85 and a 52 week high of $206.63. The firm has a market cap of $35.01 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The firm’s 50-day simple moving average is $196.65 and its 200 day simple moving average is $194.33.

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.