Brooklyn FI LLC Purchases New Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Brooklyn FI LLC bought a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 45,538 shares of the company’s stock, valued at approximately $9,047,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in IVE. Raymond James Financial Inc. bought a new position in iShares S&P 500 Value ETF in the fourth quarter valued at approximately $311,273,000. USA Financial Formulas bought a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $77,191,000. Davis Selected Advisers raised its holdings in shares of iShares S&P 500 Value ETF by 1,452.8% during the 4th quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock worth $37,637,000 after buying an additional 184,477 shares in the last quarter. PNC Financial Services Group Inc. lifted its position in shares of iShares S&P 500 Value ETF by 8.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock worth $408,993,000 after buying an additional 167,028 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its stake in iShares S&P 500 Value ETF by 28.7% in the third 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.

iShares S&P 500 Value ETF Trading Down 0.8 %

Shares of NYSEARCA IVE opened at $189.43 on Wednesday. The company has a market cap of $36.80 billion, a price-to-earnings ratio of 22.06 and a beta of 0.94. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63. The stock has a 50-day moving average price of $194.23 and a two-hundred day moving average price of $196.14.

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.