Able Wealth Management LLC Invests $2.03 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Able Wealth Management LLC purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVEFree Report) in the fourth quarter, HoldingsChannel reports. The fund purchased 11,651 shares of the company’s stock, valued at approximately $2,026,000. iShares S&P 500 Value ETF makes up about 1.8% of Able Wealth Management LLC’s portfolio, making the stock its 13th biggest holding.

Several other institutional investors have also recently added to or reduced their stakes in IVE. First Pacific Financial bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $30,000. Wetzel Investment Advisors Inc. bought a new stake in iShares S&P 500 Value ETF in the fourth quarter valued at about $35,000. Sound Income Strategies LLC acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $35,000. VisionPoint Advisory Group LLC bought a new position in iShares S&P 500 Value ETF during the 4th quarter worth approximately $36,000. Finally, Headlands Technologies LLC grew its position in shares of iShares S&P 500 Value ETF by 67.4% in the 3rd quarter. Headlands Technologies LLC now owns 231 shares of the company’s stock worth $36,000 after acquiring an additional 93 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE traded down $0.48 during trading on Friday, reaching $180.50. The stock had a trading volume of 375,332 shares, compared to its average volume of 819,046. The firm’s 50 day moving average price is $181.93 and its two-hundred day moving average price is $178.11. iShares S&P 500 Value ETF has a one year low of $147.23 and a one year high of $187.24. The stock has a market cap of $32.34 billion, a PE ratio of 23.79 and a beta of 0.81.

iShares S&P 500 Value ETF Company Profile

(Free Report)

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.

See Also

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:IVEFree Report).

Institutional Ownership by Quarter for iShares S&P 500 Value ETF (NYSEARCA:IVE)

Receive News & Ratings for iShares S&P 500 Value ETF Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for iShares S&P 500 Value ETF and related companies with MarketBeat.com's FREE daily email newsletter.