Principal Financial Group Inc. Raises Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Principal Financial Group Inc. raised its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.1% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 14,957 shares of the company’s stock after acquiring an additional 1,122 shares during the period. Principal Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,855,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Chesapeake Wealth Management increased its holdings in iShares S&P 500 Value ETF by 3.8% in the 3rd quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock valued at $272,000 after purchasing an additional 50 shares during the last quarter. West Coast Financial LLC increased its stake in iShares S&P 500 Value ETF by 0.3% in the fourth quarter. West Coast Financial LLC now owns 16,432 shares of the company’s stock valued at $3,137,000 after purchasing an additional 53 shares during the period. SWP Financial LLC increased its stake in iShares S&P 500 Value ETF by 0.4% in the fourth quarter. SWP Financial LLC now owns 12,799 shares of the company’s stock valued at $2,443,000 after purchasing an additional 54 shares during the period. GDS Wealth Management increased its stake in shares of iShares S&P 500 Value ETF by 3.3% during the third quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock worth $348,000 after acquiring an additional 56 shares during the period. Finally, Roble Belko & Company Inc increased its stake in shares of iShares S&P 500 Value ETF by 0.5% during the fourth quarter. Roble Belko & Company Inc now owns 11,238 shares of the company’s stock worth $2,145,000 after acquiring an additional 57 shares during the period.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA IVE opened at $192.25 on Wednesday. iShares S&P 500 Value ETF has a 12-month low of $176.09 and a 12-month high of $206.63. The company has a market capitalization of $35.07 billion, a PE ratio of 22.47 and a beta of 0.95. The firm’s 50-day moving average is $194.52 and its two-hundred day moving average is $196.35.

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.