iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Purchased by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. lifted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 10.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,689,028 shares of the company’s stock after purchasing an additional 161,055 shares during the period. iShares S&P 500 Value ETF makes up 1.2% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 22nd largest holding. Envestnet Portfolio Solutions Inc. owned 0.86% of iShares S&P 500 Value ETF worth $321,895,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in iShares S&P 500 Value ETF by 0.8% during the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after acquiring an additional 112 shares in the last quarter. Empowered Funds LLC purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $133,000. Americana Partners LLC purchased a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $288,000. Principal Financial Group Inc. increased its holdings in iShares S&P 500 Value ETF by 8.1% during the 4th quarter. Principal Financial Group Inc. now owns 14,957 shares of the company’s stock valued at $2,855,000 after acquiring an additional 1,122 shares in the last quarter. Finally, Empower Advisory Group LLC increased its holdings in iShares S&P 500 Value ETF by 12.6% during the 4th quarter. Empower Advisory Group LLC now owns 3,899 shares of the company’s stock valued at $744,000 after acquiring an additional 436 shares in the last quarter.

iShares S&P 500 Value ETF Trading Up 0.0%

NYSEARCA:IVE opened at $189.90 on Thursday. The firm has a 50-day moving average price of $186.07 and a two-hundred day moving average price of $190.46. iShares S&P 500 Value ETF has a twelve month low of $165.45 and a twelve month high of $206.63. The company has a market capitalization of $38.07 billion, a P/E ratio of 20.88 and a beta of 0.89.

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.