DKM Wealth Management Inc. Purchases New Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

DKM Wealth Management Inc. purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 1,075 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also recently modified their holdings of IVE. LexAurum Advisors LLC increased its holdings in iShares S&P 500 Value ETF by 47.2% during the 4th quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock valued at $734,000 after purchasing an additional 1,233 shares during the period. Financial Synergies Wealth Advisors Inc. grew its position in shares of iShares S&P 500 Value ETF by 0.6% in the 4th quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock worth $5,480,000 after buying an additional 160 shares during the last quarter. DAVENPORT & Co LLC increased its stake in shares of iShares S&P 500 Value ETF by 10.9% during the fourth quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock valued at $722,000 after buying an additional 372 shares during the period. Equitable Trust Co. bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $5,806,000. Finally, Empowered Funds LLC bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $133,000.

iShares S&P 500 Value ETF Stock Down 0.1 %

NYSEARCA:IVE opened at $190.33 on Wednesday. The firm’s fifty day simple moving average is $193.98 and its 200 day simple moving average is $195.95. The stock 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 has a twelve month low of $176.09 and a twelve month 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.