Garden State Investment Advisory Services LLC Raises Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Garden State Investment Advisory Services LLC raised its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 10.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 1,442 shares of the company’s stock after acquiring an additional 136 shares during the period. Garden State Investment Advisory Services LLC’s holdings in iShares S&P 500 Value ETF were worth $284,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $31,000. Valued Wealth Advisors LLC purchased a new stake in iShares S&P 500 Value ETF in the third quarter valued at $35,000. Copley Financial Group Inc. acquired a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at $36,000. Hobbs Group Advisors LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter worth $40,000. Finally, Addison Advisors LLC increased its position in shares of iShares S&P 500 Value ETF by 50.0% during the 2nd quarter. Addison Advisors LLC now owns 279 shares of the company’s stock worth $51,000 after purchasing an additional 93 shares during the last quarter.

iShares S&P 500 Value ETF Trading Down 0.3 %

Shares of IVE opened at $197.98 on Friday. The firm has a market cap of $35.47 billion, a P/E ratio of 23.79 and a beta of 0.81. The company’s 50-day moving average price is $199.94 and its 200 day moving average price is $192.31. iShares S&P 500 Value ETF has a 12-month low of $170.13 and a 12-month high of $206.63.

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.