ADG Wealth Management Group LLC Makes New $9.80 Million Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

ADG Wealth Management Group LLC purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 51,348 shares of the company’s stock, valued at approximately $9,801,000. iShares S&P 500 Value ETF comprises about 8.7% of ADG Wealth Management Group LLC’s portfolio, making the stock its 3rd largest position.

A number of other large investors have also added to or reduced their stakes in IVE. SVB Wealth LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $608,000. Waterway Wealth Management LLC lifted its position in shares of iShares S&P 500 Value ETF by 49.7% in the 4th quarter. Waterway Wealth Management LLC now owns 2,711 shares of the company’s stock worth $517,000 after purchasing an additional 900 shares during the period. Fortress Financial Group LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $696,000. QRG Capital Management Inc. lifted its position in iShares S&P 500 Value ETF by 200.9% during the 4th quarter. QRG Capital Management Inc. now owns 5,419 shares of the company’s stock valued at $1,034,000 after acquiring an additional 3,618 shares during the period. Finally, Oppenheimer & Co. Inc. raised its holdings in iShares S&P 500 Value ETF by 1.4% in the fourth quarter. Oppenheimer & Co. Inc. now owns 25,669 shares of the company’s stock worth $4,900,000 after buying an additional 356 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 1.3 %

Shares of IVE stock opened at $197.20 on Friday. The company has a 50 day moving average price of $194.49 and a 200-day moving average price of $196.16. iShares S&P 500 Value ETF has a 52 week low of $176.09 and a 52 week high of $206.63. The firm has a market capitalization of $35.97 billion, a PE ratio of 22.47 and a beta of 0.95.

iShares S&P 500 Value ETF 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.