Bay Harbor Wealth Management LLC Has $5.74 Million Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Bay Harbor Wealth Management LLC boosted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,127 shares of the company’s stock after acquiring an additional 585 shares during the quarter. iShares S&P 500 Value ETF accounts for 1.9% of Bay Harbor Wealth Management LLC’s portfolio, making the stock its 20th largest position. Bay Harbor Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $5,743,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Modera Wealth Management LLC lifted its holdings in iShares S&P 500 Value ETF by 3.9% during the 3rd quarter. Modera Wealth Management LLC now owns 80,693 shares of the company’s stock valued at $15,910,000 after purchasing an additional 3,060 shares during the last quarter. PFG Investments LLC raised its stake in shares of iShares S&P 500 Value ETF by 63.5% in the third quarter. PFG Investments LLC now owns 6,378 shares of the company’s stock valued at $1,258,000 after acquiring an additional 2,476 shares during the last quarter. Arkadios Wealth Advisors raised its stake in shares of iShares S&P 500 Value ETF by 8.5% in the third quarter. Arkadios Wealth Advisors now owns 5,605 shares of the company’s stock valued at $1,105,000 after acquiring an additional 437 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in iShares S&P 500 Value ETF by 162.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,017 shares of the company’s stock worth $396,000 after acquiring an additional 1,248 shares during the last quarter. Finally, Tenon Financial LLC acquired a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at $234,000.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $196.32 on Friday. The stock has a fifty day moving average price of $195.65 and a two-hundred day moving average price of $187.73. The company has a market cap of $35.17 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $201.08.

iShares S&P 500 Value ETF 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.