Pines Wealth Management LLC Invests $3.39 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Pines Wealth Management LLC purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 18,018 shares of the company’s stock, valued at approximately $3,391,000. iShares S&P 500 Value ETF comprises 1.5% of Pines Wealth Management LLC’s investment portfolio, making the stock its 15th largest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in IVE. Stifel Financial Corp boosted its position in iShares S&P 500 Value ETF by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock worth $490,670,000 after acquiring an additional 60,868 shares during the period. PNC Financial Services Group Inc. lifted its holdings in iShares S&P 500 Value ETF by 7.6% in the third quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after purchasing an additional 139,651 shares during the period. International Assets Investment Management LLC grew its position in iShares S&P 500 Value ETF by 18,046.1% in 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 buying an additional 1,326,211 shares in the last quarter. Huntington National Bank grew its position in iShares S&P 500 Value ETF by 6.9% in the 3rd quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock valued at $206,225,000 after buying an additional 67,448 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in iShares S&P 500 Value ETF by 43.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 918,220 shares of the company’s stock valued at $167,125,000 after buying an additional 277,110 shares during the period.

iShares S&P 500 Value ETF Trading Up 0.5 %

Shares of NYSEARCA:IVE opened at $190.30 on Wednesday. The company has a 50 day moving average of $197.41 and a 200-day moving average of $193.90. The firm has a market cap of $34.09 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a twelve month low of $170.13 and a twelve month high of $206.63.

iShares S&P 500 Value ETF Company 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.