PKS Advisory Services LLC Makes New Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

PKS Advisory Services LLC purchased a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 16,618 shares of the company’s stock, valued at approximately $3,172,000. iShares S&P 500 Value ETF comprises about 0.9% of PKS Advisory Services LLC’s investment portfolio, making the stock its 23rd biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Signature Estate & Investment Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF by 54.4% during the fourth quarter. Signature Estate & Investment Advisors LLC now owns 4,093 shares of the company’s stock worth $781,000 after purchasing an additional 1,442 shares during the period. TIAA Trust National Association boosted its holdings in iShares S&P 500 Value ETF by 1.2% during the fourth quarter. TIAA Trust National Association now owns 17,595 shares of the company’s stock worth $3,358,000 after buying an additional 216 shares during the last quarter. FineMark National Bank & Trust grew its position in shares of iShares S&P 500 Value ETF by 2.0% during the 4th quarter. FineMark National Bank & Trust now owns 83,012 shares of the company’s stock worth $15,845,000 after buying an additional 1,618 shares during the period. Modern Wealth Management LLC increased its stake in shares of iShares S&P 500 Value ETF by 125.3% in the 4th quarter. Modern Wealth Management LLC now owns 18,033 shares of the company’s stock valued at $3,522,000 after acquiring an additional 10,030 shares during the last quarter. Finally, CoreFirst Bank & Trust acquired a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at approximately $68,000.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $191.82 on Tuesday. The firm’s fifty day moving average is $194.28 and its two-hundred day moving average is $196.03. The firm has a market cap of $37.35 billion, a PE ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a twelve month low of $176.09 and a twelve month high of $206.63.

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.