Financial Enhancement Group LLC Increases Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Financial Enhancement Group LLC grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 38.4% in the fourth quarter, Holdings Channel reports. The firm owned 55,100 shares of the company’s stock after acquiring an additional 15,287 shares during the period. iShares S&P 500 Value ETF accounts for approximately 1.6% of Financial Enhancement Group LLC’s holdings, making the stock its 23rd largest position. Financial Enhancement Group LLC’s holdings in iShares S&P 500 Value ETF were worth $10,437,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in IVE. NBC Securities Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 33.3% in the third quarter. NBC Securities Inc. now owns 2,148 shares of the company’s stock valued at $423,000 after purchasing an additional 536 shares during the period. Ausdal Financial Partners Inc. raised its position in iShares S&P 500 Value ETF by 81.0% during the 3rd quarter. Ausdal Financial Partners Inc. now owns 46,203 shares of the company’s stock valued at $9,110,000 after purchasing an additional 20,674 shares in the last quarter. Concourse Financial Group Securities Inc. raised its position in iShares S&P 500 Value ETF by 7.0% during the 3rd quarter. Concourse Financial Group Securities Inc. now owns 53,260 shares of the company’s stock valued at $10,501,000 after purchasing an additional 3,500 shares in the last quarter. Cornell Pochily Investment Advisors Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 31.3% in the 3rd quarter. Cornell Pochily Investment Advisors Inc. now owns 3,060 shares of the company’s stock worth $603,000 after buying an additional 730 shares during the period. Finally, High Falls Advisors Inc raised its holdings in shares of iShares S&P 500 Value ETF by 3.1% in the 2nd quarter. High Falls Advisors Inc now owns 74,353 shares of the company’s stock valued at $13,533,000 after purchasing an additional 2,223 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 1.3 %

Shares of NYSEARCA:IVE opened at $192.70 on Thursday. The company has a market capitalization of $34.52 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The firm has a 50 day moving average of $197.41 and a 200 day moving average of $193.90. iShares S&P 500 Value ETF has a 52 week low of $170.13 and a 52 week high of $206.63.

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.