Brown Brothers Harriman & Co. Buys 370 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Brown Brothers Harriman & Co. grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 12,979 shares of the company’s stock after acquiring an additional 370 shares during the period. Brown Brothers Harriman & Co.’s holdings in iShares S&P 500 Value ETF were worth $2,477,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVE. RiverFront Investment Group LLC lifted its stake in iShares S&P 500 Value ETF by 28.0% in the fourth quarter. RiverFront Investment Group LLC now owns 1,388 shares of the company’s stock valued at $265,000 after purchasing an additional 304 shares during the last quarter. Vertex Planning Partners LLC lifted its position in shares of iShares S&P 500 Value ETF by 1.7% during the 4th quarter. Vertex Planning Partners LLC now owns 26,664 shares of the company’s stock valued at $5,090,000 after buying an additional 444 shares during the last quarter. Frazier Financial Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 264.9% during the 4th quarter. Frazier Financial Advisors LLC now owns 405 shares of the company’s stock valued at $77,000 after buying an additional 294 shares during the last quarter. Blair William & Co. IL grew its stake in shares of iShares S&P 500 Value ETF by 1.9% during the 4th quarter. Blair William & Co. IL now owns 38,101 shares of the company’s stock worth $7,273,000 after acquiring an additional 697 shares during the period. Finally, Foundation Wealth Management LLC PA purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth about $594,000.

iShares S&P 500 Value ETF Stock Performance

Shares of iShares S&P 500 Value ETF stock opened at $188.79 on Friday. The stock has a market capitalization of $36.76 billion, a P/E ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a 52-week low of $176.09 and a 52-week high of $206.63. The stock’s 50-day simple moving average is $194.16 and its 200 day simple moving average is $195.97.

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.