Stonebridge Financial Group LLC Invests $104,000 in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Stonebridge Financial Group LLC acquired a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 546 shares of the company’s stock, valued at approximately $104,000.

Several other hedge funds have also recently added to or reduced their stakes in IVE. International Assets Investment Management LLC grew its holdings in iShares S&P 500 Value ETF by 18,046.1% during the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock valued at $262,938,000 after purchasing an additional 1,326,211 shares during the period. USA Financial Formulas bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $77,191,000. PNC Financial Services Group Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 7.6% in 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 during the period. Kovitz Investment Group Partners LLC increased its position in shares of 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 in the last quarter. Finally, World Investment Advisors LLC raised its stake in iShares S&P 500 Value ETF by 1,511.5% during the 3rd quarter. World Investment Advisors LLC now owns 112,303 shares of the company’s stock worth $22,220,000 after buying an additional 105,334 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.3 %

NYSEARCA:IVE opened at $195.58 on Thursday. iShares S&P 500 Value ETF has a 1 year low of $173.01 and a 1 year high of $206.63. The stock has a 50-day moving average price of $194.67 and a two-hundred day moving average price of $195.36. The stock has a market cap of $35.04 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.