iShares S&P 500 Value ETF $IVE is Financial Life Advisors’ 2nd Largest Position

Financial Life Advisors increased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.5% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 173,050 shares of the company’s stock after acquiring an additional 4,300 shares during the quarter. iShares S&P 500 Value ETF accounts for about 11.5% of Financial Life Advisors’ investment portfolio, making the stock its 2nd biggest holding. Financial Life Advisors’ holdings in iShares S&P 500 Value ETF were worth $35,737,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in IVE. Envestnet Asset Management Inc. grew its stake 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 acquiring an additional 2,339,857 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of iShares S&P 500 Value ETF by 0.7% in the second quarter. JPMorgan Chase & Co. now owns 17,895,697 shares of the company’s stock valued at $3,497,177,000 after purchasing an additional 119,534 shares during the period. Ameriprise Financial Inc. raised its stake 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 worth $591,818,000 after acquiring an additional 484,782 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of iShares S&P 500 Value ETF by 4.7% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,362,479 shares of the company’s stock valued at $461,676,000 after purchasing an additional 105,403 shares during the last quarter. Finally, Cetera Investment Advisers raised its stake in iShares S&P 500 Value ETF by 7.8% in the second quarter. Cetera Investment Advisers now owns 2,112,895 shares of the company’s stock valued at $412,902,000 after buying an additional 152,851 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.2%

IVE stock opened at $216.68 on Friday. The stock has a market cap of $49.01 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $218.44. The business’s 50-day moving average is $213.70 and its 200 day moving average is $207.30.

About iShares S&P 500 Value ETF

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.