Sovran Advisors LLC Invests $6.67 Million in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Sovran Advisors LLC acquired a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, HoldingsChannel reports. The fund acquired 35,037 shares of the company’s stock, valued at approximately $6,667,000. iShares S&P 500 Value ETF makes up about 1.0% of Sovran Advisors LLC’s investment portfolio, making the stock its 24th largest holding.

A number of other institutional investors and hedge funds have also made changes to their positions in IVE. Thurston Springer Miller Herd & Titak Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after buying an additional 76 shares during the last quarter. Northwest Investment Counselors LLC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter worth $31,000. Valued Wealth Advisors LLC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter worth $35,000. Perkins Coie Trust Co purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter worth $35,000. Finally, Copley Financial Group Inc. purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter worth $36,000.

iShares S&P 500 Value ETF Trading Up 0.3 %

Shares of iShares S&P 500 Value ETF stock opened at $195.30 on Tuesday. The company has a fifty day moving average price of $195.01 and a 200 day moving average price of $195.26. iShares S&P 500 Value ETF has a twelve month low of $173.01 and a twelve month high of $206.63. The stock has a market cap of $34.99 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.