First Pacific Financial Invests $30,000 in iShares S&P 500 Value ETF (NYSEARCA:IVE)

First Pacific Financial purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 171 shares of the company’s stock, valued at approximately $30,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Peoples Bank KS purchased a new position in iShares S&P 500 Value ETF during the third quarter valued at $25,000. Allspring Global Investments Holdings LLC increased its holdings in shares of iShares S&P 500 Value ETF by 700.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock worth $25,000 after purchasing an additional 140 shares during the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $28,000. Hibernia Wealth Partners LLC bought a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth about $31,000. Finally, Sound Income Strategies LLC bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $35,000.

iShares S&P 500 Value ETF Trading Up 1.6 %

Shares of IVE stock opened at $186.13 on Thursday. The stock’s 50-day moving average price is $178.19 and its 200-day moving average price is $167.83. iShares S&P 500 Value ETF has a 12-month low of $145.90 and a 12-month high of $186.14. The stock has a market capitalization of $29.43 billion, a price-to-earnings ratio of 15.85 and a beta of 0.94.

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.