Lighthouse Wealth Management Inc. Invests $442,000 in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Lighthouse Wealth Management Inc. purchased a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 4th quarter, Holdings Channel reports. The fund purchased 2,316 shares of the company’s stock, valued at approximately $442,000. iShares S&P 500 Value ETF accounts for about 0.4% of Lighthouse Wealth Management Inc.’s portfolio, making the stock its 29th largest position.

A number of other institutional investors have also added to or reduced their stakes in the stock. LexAurum Advisors LLC grew its stake in shares of iShares S&P 500 Value ETF by 47.2% during the fourth quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock worth $734,000 after buying an additional 1,233 shares during the last quarter. NBC Securities Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 33.3% during the 3rd quarter. NBC Securities Inc. now owns 2,148 shares of the company’s stock valued at $423,000 after acquiring an additional 536 shares in the last quarter. Ausdal Financial Partners Inc. grew 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 worth $9,110,000 after acquiring an additional 20,674 shares during the last quarter. Concourse Financial Group Securities Inc. increased its holdings in iShares S&P 500 Value ETF by 7.0% in the 3rd quarter. Concourse Financial Group Securities Inc. now owns 53,260 shares of the company’s stock worth $10,501,000 after purchasing an additional 3,500 shares in the last quarter. Finally, Cornell Pochily Investment Advisors Inc. raised its position in iShares S&P 500 Value ETF by 31.3% in the third quarter. Cornell Pochily Investment Advisors Inc. now owns 3,060 shares of the company’s stock valued at $603,000 after purchasing an additional 730 shares during the last quarter.

iShares S&P 500 Value ETF Trading Down 0.2 %

Shares of IVE stock opened at $196.15 on Monday. The firm has a market capitalization of $35.14 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The business’s 50-day moving average price is $196.39 and its 200-day moving average price is $194.62. iShares S&P 500 Value ETF has a 12 month low of $173.01 and a 12 month 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.