Merit Financial Group LLC Acquires 40,970 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Merit Financial Group LLC grew its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 122.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,384 shares of the company’s stock after buying an additional 40,970 shares during the quarter. Merit Financial Group LLC’s holdings in iShares S&P 500 Value ETF were worth $14,198,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Moors & Cabot Inc. grew its stake in iShares S&P 500 Value ETF by 8.2% in the second quarter. Moors & Cabot Inc. now owns 2,075 shares of the company’s stock valued at $378,000 after purchasing an additional 157 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of iShares S&P 500 Value ETF in the second quarter valued at $456,000. Vanguard Personalized Indexing Management LLC increased its holdings in iShares S&P 500 Value ETF by 41.1% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 7,462 shares of the company’s stock worth $1,351,000 after buying an additional 2,174 shares during the last quarter. Blair William & Co. IL raised its position in iShares S&P 500 Value ETF by 8.6% during the second quarter. Blair William & Co. IL now owns 38,248 shares of the company’s stock worth $6,962,000 after acquiring an additional 3,016 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its stake in iShares S&P 500 Value ETF by 50.3% in the second quarter. Hsbc Holdings PLC now owns 5,605 shares of the company’s stock valued at $1,020,000 after acquiring an additional 1,875 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE opened at $194.09 on Friday. The company has a market cap of $34.77 billion, a PE ratio of 23.79 and a beta of 0.81. The firm has a 50-day moving average of $196.93 and a 200-day moving average of $193.97. iShares S&P 500 Value ETF has a one year low of $170.13 and a one year high of $206.63.

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.