WealthPlan Investment Management LLC Invests $16.08 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

WealthPlan Investment Management LLC bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 81,544 shares of the company’s stock, valued at approximately $16,078,000. iShares S&P 500 Value ETF accounts for about 1.6% of WealthPlan Investment Management LLC’s investment portfolio, making the stock its 10th largest holding.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC acquired a new position in iShares S&P 500 Value ETF during the third quarter worth $31,000. Valued Wealth Advisors LLC purchased a new stake in iShares S&P 500 Value ETF during the third quarter worth about $35,000. Addison Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 50.0% during the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock worth $51,000 after purchasing an additional 93 shares in the last quarter. TruNorth Capital Management LLC acquired a new position in shares of iShares S&P 500 Value ETF in the second quarter valued at approximately $65,000. Finally, Avondale Wealth Management increased its stake in iShares S&P 500 Value ETF by 24.8% during the 2nd quarter. Avondale Wealth Management now owns 362 shares of the company’s stock worth $66,000 after buying an additional 72 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.4 %

Shares of IVE stock opened at $202.59 on Tuesday. The firm has a 50 day moving average of $196.49 and a two-hundred day moving average of $189.08. The stock has a market capitalization of $36.29 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 52 week low of $157.33 and a 52 week high of $203.67.

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.