Rodgers & Associates LTD Raises Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Rodgers & Associates LTD raised its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.0% during the third quarter, Holdings Channel.com reports. The fund owned 45,447 shares of the company’s stock after purchasing an additional 898 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 1.1% of Rodgers & Associates LTD’s investment portfolio, making the stock its 27th largest position. Rodgers & Associates LTD’s holdings in iShares S&P 500 Value ETF were worth $8,961,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of IVE. Palisade Asset Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the first quarter valued at about $26,000. CarsonAllaria Wealth Management Ltd. increased its position in shares of iShares S&P 500 Value ETF by 289.5% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock valued at $28,000 after acquiring an additional 110 shares during the period. Northwest Investment Counselors LLC purchased a new position in shares of iShares S&P 500 Value ETF in the first quarter valued at about $29,000. Addison Advisors LLC increased 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 acquiring an additional 93 shares during the period. Finally, TruNorth Capital Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the second quarter valued at about $65,000.

iShares S&P 500 Value ETF Trading Down 0.4 %

Shares of IVE stock traded down $0.87 during mid-day trading on Tuesday, reaching $198.12. The stock had a trading volume of 102,702 shares, compared to its average volume of 683,284. The stock’s 50-day moving average price is $194.90 and its two-hundred day moving average price is $187.36. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $201.08. The firm has a market capitalization of $35.49 billion, a PE ratio of 23.79 and a beta of 0.81.

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.