Fortress Financial Group LLC Purchases Shares of 3,646 iShares S&P 500 Value ETF (NYSEARCA:IVE)

Fortress Financial Group LLC acquired a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,646 shares of the company’s stock, valued at approximately $696,000. iShares S&P 500 Value ETF makes up 0.7% of Fortress Financial Group LLC’s investment portfolio, making the stock its 28th largest holding.

A number of other institutional investors have also recently bought and sold shares of IVE. Stifel Financial Corp raised its position in shares of iShares S&P 500 Value ETF by 2.5% in the third quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after buying an additional 60,868 shares in the last quarter. PNC Financial Services Group Inc. increased its position in iShares S&P 500 Value ETF by 7.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after acquiring an additional 139,651 shares during the period. Huntington National Bank boosted its holdings in iShares S&P 500 Value ETF by 6.9% in the third quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock valued at $206,225,000 after acquiring an additional 67,448 shares during the last quarter. Park Avenue Securities LLC grew its holdings in iShares S&P 500 Value ETF by 5.8% during the 4th quarter. Park Avenue Securities LLC now owns 947,689 shares of the company’s stock worth $180,895,000 after acquiring an additional 51,773 shares during the period. Finally, MAI Capital Management grew its holdings in iShares S&P 500 Value ETF by 1.8% in the third quarter. MAI Capital Management now owns 754,586 shares of the company’s stock worth $148,782,000 after purchasing an additional 13,079 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $194.58 on Friday. The firm has a 50-day moving average of $194.38 and a 200-day moving average of $196.08. iShares S&P 500 Value ETF has a one year low of $176.09 and a one year high of $206.63. The company has a market cap of $35.49 billion, a PE ratio of 22.47 and a beta of 0.95.

iShares S&P 500 Value ETF Company 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.