Tradewinds LLC. Invests $290,000 in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Tradewinds LLC. purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 1,478 shares of the company’s stock, valued at approximately $290,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVE. Raymond James Financial Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth $311,273,000. USA Financial Formulas purchased a new stake in iShares S&P 500 Value ETF in the fourth quarter worth about $77,191,000. Davis Selected Advisers lifted its stake in iShares S&P 500 Value ETF by 1,452.8% in the fourth quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock worth $37,637,000 after acquiring an additional 184,477 shares during the period. PNC Financial Services Group Inc. grew its holdings in 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 acquiring an additional 167,028 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in iShares S&P 500 Value ETF by 28.7% during the 3rd quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock valued at $120,955,000 after purchasing an additional 136,769 shares during the period.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $190.33 on Wednesday. The firm has a 50-day simple moving average of $193.98 and a 200-day simple moving average of $195.95. iShares S&P 500 Value ETF has a one year low of $176.09 and a one year high of $206.63. The firm has a market cap of $37.06 billion, a P/E ratio of 21.80 and a beta of 0.94.

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.