iShares S&P 500 Value ETF (NYSEARCA:IVE) is Encompass Wealth Advisors LLC’s 2nd Largest Position

Encompass Wealth Advisors LLC increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.3% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,299 shares of the company’s stock after buying an additional 463 shares during the period. iShares S&P 500 Value ETF accounts for 7.4% of Encompass Wealth Advisors LLC’s holdings, making the stock its 2nd biggest position. Encompass Wealth Advisors LLC owned about 0.08% of iShares S&P 500 Value ETF worth $29,635,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Northwest Investment Counselors LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $31,000. Valued Wealth Advisors LLC purchased a new position in iShares S&P 500 Value ETF during the third quarter valued at $35,000. Addison Advisors LLC grew its position in shares of iShares S&P 500 Value ETF by 50.0% in the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after purchasing an additional 93 shares during the period. TruNorth Capital Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the second quarter worth about $65,000. Finally, Avondale Wealth Management raised its position in shares of iShares S&P 500 Value ETF by 24.8% during the 2nd quarter. Avondale Wealth Management now owns 362 shares of the company’s stock worth $66,000 after purchasing an additional 72 shares during the last quarter.

iShares S&P 500 Value ETF Trading Down 0.8 %

IVE stock opened at $201.04 on Wednesday. iShares S&P 500 Value ETF has a 12-month low of $157.33 and a 12-month high of $203.67. The business’s 50-day moving average is $196.62 and its 200 day moving average is $189.23. The stock has a market cap of $36.02 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.