Kovack Advisors Inc. Purchases 513 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Kovack Advisors Inc. lifted its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 44.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,671 shares of the company’s stock after buying an additional 513 shares during the quarter. Kovack Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $312,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in IVE. Trexquant Investment LP grew its position in shares of iShares S&P 500 Value ETF by 52.8% during the 3rd quarter. Trexquant Investment LP now owns 2,535 shares of the company’s stock worth $390,000 after buying an additional 876 shares in the last quarter. Evergreen Capital Management LLC lifted its stake in shares of iShares S&P 500 Value ETF by 30.0% during the 3rd quarter. Evergreen Capital Management LLC now owns 2,342 shares of the company’s stock worth $362,000 after purchasing an additional 541 shares during the last quarter. Royal Bank of Canada lifted its stake in shares of iShares S&P 500 Value ETF by 7.2% during the 3rd quarter. Royal Bank of Canada now owns 1,233,196 shares of the company’s stock worth $189,715,000 after purchasing an additional 82,644 shares during the last quarter. Crestwood Advisors Group LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth $1,576,000. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of iShares S&P 500 Value ETF by 17.4% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 541,094 shares of the company’s stock worth $83,242,000 after purchasing an additional 80,256 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA IVE opened at $181.52 on Friday. The stock has a market capitalization of $32.52 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1-year low of $147.23 and a 1-year high of $187.24. The business has a fifty day moving average price of $182.53 and a 200 day moving average price of $179.50.

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.