Financial Advocates Investment Management Has $15.08 Million Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Financial Advocates Investment Management raised its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 18.5% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 77,194 shares of the company’s stock after buying an additional 12,056 shares during the period. iShares S&P 500 Value ETF makes up 0.9% of Financial Advocates Investment Management’s investment portfolio, making the stock its 21st biggest position. Financial Advocates Investment Management’s holdings in iShares S&P 500 Value ETF were worth $15,080,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 18,046.1% during 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 acquiring an additional 1,326,211 shares in the last quarter. USA Financial Formulas bought a new position in iShares S&P 500 Value ETF in the fourth quarter valued at about $77,191,000. PNC Financial Services Group Inc. boosted its stake in shares of 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 valued at $389,537,000 after purchasing an additional 139,651 shares in the last quarter. Kovitz Investment Group Partners LLC grew its holdings in shares of iShares S&P 500 Value ETF by 28.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock worth $120,955,000 after purchasing an additional 136,769 shares during the last quarter. Finally, World Investment Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 1,511.5% in the third quarter. World Investment Advisors LLC now owns 112,303 shares of the company’s stock valued at $22,220,000 after buying an additional 105,334 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $196.47 on Thursday. iShares S&P 500 Value ETF has a one year low of $173.01 and a one year high of $206.63. The company has a market cap of $35.20 billion, a PE ratio of 23.79 and a beta of 0.81. The firm’s 50 day simple moving average is $195.61 and its 200 day simple moving average is $195.08.

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.