Welch & Forbes LLC Increases Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Welch & Forbes LLC lifted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 13.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,937 shares of the company’s stock after buying an additional 337 shares during the period. Welch & Forbes LLC’s holdings in iShares S&P 500 Value ETF were worth $561,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. LexAurum Advisors LLC increased its stake in iShares S&P 500 Value ETF by 47.2% in the 4th quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock worth $734,000 after purchasing an additional 1,233 shares during the period. Financial Synergies Wealth Advisors Inc. increased its stake in iShares S&P 500 Value ETF by 0.6% in the 4th quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock worth $5,480,000 after purchasing an additional 160 shares during the period. DAVENPORT & Co LLC increased its stake in iShares S&P 500 Value ETF by 10.9% in the 4th quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock worth $722,000 after purchasing an additional 372 shares during the period. Equitable Trust Co. purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $5,806,000. Finally, Empowered Funds LLC purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth approximately $133,000.

iShares S&P 500 Value ETF Price Performance

Shares of iShares S&P 500 Value ETF stock opened at $194.14 on Friday. The stock has a market capitalization of $35.41 billion, a P/E ratio of 22.47 and a beta of 0.95. iShares S&P 500 Value ETF has a one year low of $176.09 and a one year high of $206.63. The business’s 50 day simple moving average is $194.52 and its two-hundred day simple moving average is $196.32.

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.