Patriot Financial Group Insurance Agency LLC Increases Stock Holdings in iShares S&P 500 Value ETF $IVE
by Kim Johansen · The Markets DailyPatriot Financial Group Insurance Agency LLC lifted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 93.1% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 50,216 shares of the company’s stock after acquiring an additional 24,214 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in iShares S&P 500 Value ETF were worth $10,603,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also made changes to their positions in the company. Simplex Trading LLC acquired a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $26,000. United Services Automobile Association acquired a new position in iShares S&P 500 Value ETF during the second quarter worth about $26,000. Finally, Palisade Asset Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at about $29,000.
iShares S&P 500 Value ETF Price Performance
IVE stock opened at $226.52 on Friday. The company’s 50 day simple moving average is $225.08 and its 200-day simple moving average is $218.91. The firm has a market capitalization of $50.02 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 12 month low of $193.55 and a 12 month high of $230.05.
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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.
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Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report).