Park Avenue Securities LLC Boosts Stake in iShares S&P 500 Value ETF $IVE

Park Avenue Securities LLC raised its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,757,032 shares of the company’s stock after purchasing an additional 101,228 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 2.8% of Park Avenue Securities LLC’s holdings, making the stock its 7th biggest position. Park Avenue Securities LLC owned about 0.87% of iShares S&P 500 Value ETF worth $362,845,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Envestnet Asset Management Inc. grew its position in iShares S&P 500 Value ETF by 12.6% during the second quarter. Envestnet Asset Management Inc. now owns 20,983,503 shares of the company’s stock valued at $4,100,596,000 after buying an additional 2,339,857 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares S&P 500 Value ETF by 0.7% during the 2nd quarter. JPMorgan Chase & Co. now owns 17,895,697 shares of the company’s stock valued at $3,497,177,000 after acquiring an additional 119,534 shares during the period. Ameriprise Financial Inc. grew its position in shares of iShares S&P 500 Value ETF by 19.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock valued at $591,818,000 after acquiring an additional 484,782 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of iShares S&P 500 Value ETF by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock worth $493,603,000 after purchasing an additional 105,418 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in iShares S&P 500 Value ETF by 4.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,362,479 shares of the company’s stock worth $461,676,000 after purchasing an additional 105,403 shares during the period.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA IVE opened at $216.29 on Wednesday. The business’s fifty day moving average is $210.89 and its 200 day moving average is $205.01. iShares S&P 500 Value ETF has a fifty-two week low of $165.45 and a fifty-two week high of $216.65. The company has a market capitalization of $48.86 billion, a PE ratio of 20.70 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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.