iShares S&P 500 Value ETF (NYSEARCA:IVE) is Keystone Financial Services’ 8th Largest Position

Keystone Financial Services lifted its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.4% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 53,466 shares of the company’s stock after purchasing an additional 760 shares during the period. iShares S&P 500 Value ETF comprises approximately 3.9% of Keystone Financial Services’ portfolio, making the stock its 8th largest holding. Keystone Financial Services’ holdings in iShares S&P 500 Value ETF were worth $10,206,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVE. International Assets Investment Management LLC increased its stake in iShares S&P 500 Value ETF by 18,046.1% in the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after purchasing an additional 1,326,211 shares during the period. USA Financial Formulas purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth about $77,191,000. PNC Financial Services Group Inc. lifted its holdings in iShares S&P 500 Value ETF by 7.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after buying an additional 139,651 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in iShares S&P 500 Value ETF by 28.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock valued at $120,955,000 after buying an additional 136,769 shares during the period. Finally, World Investment Advisors LLC grew its stake in iShares S&P 500 Value ETF by 1,511.5% in the 3rd quarter. World Investment Advisors LLC now owns 112,303 shares of the company’s stock worth $22,220,000 after acquiring an additional 105,334 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $196.62 on Monday. The firm’s 50 day simple moving average is $194.31 and its 200-day simple moving average is $195.46. iShares S&P 500 Value ETF has a one year low of $175.71 and a one year high of $206.63. The firm has a market cap of $35.22 billion, a PE 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.