ADG Wealth Management Group LLC Buys New Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

ADG Wealth Management Group LLC bought a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,348 shares of the company’s stock, valued at approximately $9,801,000. iShares S&P 500 Value ETF accounts for 8.7% of ADG Wealth Management Group LLC’s holdings, making the stock its 3rd biggest holding.

Several other large investors also recently added to or reduced their stakes in IVE. USA Financial Formulas bought a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $77,191,000. PNC Financial Services Group Inc. grew its position in iShares S&P 500 Value ETF by 7.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after buying an additional 139,651 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in iShares S&P 500 Value ETF by 28.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock valued at $120,955,000 after purchasing an additional 136,769 shares in the last quarter. World Investment Advisors LLC lifted its holdings in iShares S&P 500 Value ETF by 1,511.5% during the third quarter. World Investment Advisors LLC now owns 112,303 shares of the company’s stock valued at $22,220,000 after purchasing an additional 105,334 shares in the last quarter. Finally, Serenus Wealth Advisors LLC purchased a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $17,882,000.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $197.20 on Friday. iShares S&P 500 Value ETF has a 1-year low of $176.09 and a 1-year high of $206.63. The company has a market capitalization of $35.97 billion, a P/E ratio of 22.47 and a beta of 0.95. The firm’s 50 day simple moving average is $194.49 and its two-hundred day simple moving average is $196.16.

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.