Keystone Financial Services Invests $9.56 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Keystone Financial Services bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 1st quarter, HoldingsChannel reports. The fund bought 51,177 shares of the company’s stock, valued at approximately $9,560,000. iShares S&P 500 Value ETF accounts for about 4.2% of Keystone Financial Services’ investment portfolio, making the stock its 6th biggest holding.

A number of other large investors have also recently added to or reduced their stakes in the business. Bush Investment Group LLC lifted its holdings in iShares S&P 500 Value ETF by 2.2% in the first quarter. Bush Investment Group LLC now owns 8,447 shares of the company’s stock valued at $1,578,000 after acquiring an additional 181 shares during the last quarter. EverSource Wealth Advisors LLC lifted its holdings in iShares S&P 500 Value ETF by 663.3% in the first quarter. EverSource Wealth Advisors LLC now owns 2,328 shares of the company’s stock valued at $416,000 after acquiring an additional 2,023 shares during the last quarter. Maxwell Wealth Strategies Inc. acquired a new position in iShares S&P 500 Value ETF in the first quarter valued at approximately $2,967,000. Peninsula Wealth LLC lifted its holdings in iShares S&P 500 Value ETF by 48.3% in the first quarter. Peninsula Wealth LLC now owns 189,378 shares of the company’s stock valued at $35,378,000 after acquiring an additional 61,695 shares during the last quarter. Finally, Soltis Investment Advisors LLC lifted its holdings in iShares S&P 500 Value ETF by 9.5% in the first quarter. Soltis Investment Advisors LLC now owns 38,461 shares of the company’s stock valued at $7,185,000 after acquiring an additional 3,343 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 1.4 %

NYSEARCA:IVE traded down $2.62 during trading hours on Friday, reaching $186.65. 984,447 shares of the stock were exchanged, compared to its average volume of 768,872. The business has a 50-day moving average of $184.22 and a two-hundred day moving average of $181.54. iShares S&P 500 Value ETF has a twelve month low of $147.23 and a twelve month high of $191.93. The company has a market capitalization of $33.44 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.