Retirement Wealth Solutions LLC Buys Shares of 4,856 iShares S&P 500 Value ETF (NYSEARCA:IVE)

Retirement Wealth Solutions LLC purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,856 shares of the company’s stock, valued at approximately $914,000. iShares S&P 500 Value ETF makes up approximately 0.8% of Retirement Wealth Solutions LLC’s portfolio, making the stock its 24th biggest position.

A number of other hedge funds have also made changes to their positions in the stock. International Assets Investment Management LLC boosted its holdings in iShares S&P 500 Value ETF by 18,046.1% during the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock valued at $262,938,000 after acquiring an additional 1,326,211 shares during the period. Sanctuary Advisors LLC bought a new stake in iShares S&P 500 Value ETF during the 2nd quarter valued at approximately $82,555,000. USA Financial Formulas acquired a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at approximately $77,191,000. The Manufacturers Life Insurance Company increased its position in iShares S&P 500 Value ETF by 43.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 918,220 shares of the company’s stock worth $167,125,000 after buying an additional 277,110 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 7.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after buying an additional 139,651 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA IVE opened at $194.09 on Friday. iShares S&P 500 Value ETF has a twelve month low of $170.13 and a twelve month high of $206.63. The stock 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 simple moving average of $196.93 and a 200 day simple moving average of $193.97.

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.