Fairscale Capital LLC Makes New $1.30 Million Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Fairscale Capital LLC acquired a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 6,890 shares of the company’s stock, valued at approximately $1,304,000. iShares S&P 500 Value ETF comprises approximately 1.1% of Fairscale Capital LLC’s holdings, making the stock its 20th biggest position.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. BKM Wealth Management LLC boosted its holdings in iShares S&P 500 Value ETF by 2.9% during the 1st quarter. BKM Wealth Management LLC now owns 63,882 shares of the company’s stock worth $11,934,000 after acquiring an additional 1,802 shares during the last quarter. Focus Financial Network Inc. ADV purchased a new position in iShares S&P 500 Value ETF during the fourth quarter worth about $7,322,000. Sutton Place Investors LLC grew its position in iShares S&P 500 Value ETF by 9.3% in the 2nd quarter. Sutton Place Investors LLC now owns 5,704 shares of the company’s stock worth $1,038,000 after purchasing an additional 483 shares in the last quarter. HCR Wealth Advisors purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at about $378,000. Finally, Wescott Financial Advisory Group LLC lifted its position in shares of iShares S&P 500 Value ETF by 5.1% during the 4th quarter. Wescott Financial Advisory Group LLC now owns 24,843 shares of the company’s stock worth $4,320,000 after buying an additional 1,206 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 0.2 %

Shares of NYSEARCA IVE opened at $196.26 on Friday. The company has a market capitalization of $35.16 billion, a PE ratio of 23.79 and a beta of 0.81. The stock’s 50 day moving average price is $190.63 and its 200-day moving average price is $185.31. iShares S&P 500 Value ETF has a twelve month low of $147.23 and a twelve month high of $197.39.

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.