Promus Capital LLC Invests $496,000 in iShares S&P 500 Value ETF $IVE

Promus Capital LLC purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the third quarter, Holdings Channel.com reports. The fund purchased 2,404 shares of the company’s stock, valued at approximately $496,000.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Envestnet Asset Management Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock worth $4,568,288,000 after purchasing an additional 1,137,886 shares during the period. JPMorgan Chase & Co. grew 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 worth $3,497,177,000 after purchasing an additional 119,534 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in 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 purchasing an additional 484,782 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of 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. Finally, Cetera Investment Advisers raised its position in shares of iShares S&P 500 Value ETF by 7.8% in the 2nd quarter. Cetera Investment Advisers now owns 2,112,895 shares of the company’s stock worth $412,902,000 after acquiring an additional 152,851 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.1%

Shares of NYSEARCA IVE opened at $216.39 on Tuesday. iShares S&P 500 Value ETF has a twelve month low of $165.45 and a twelve month high of $223.05. The firm has a market cap of $48.88 billion, a P/E ratio of 20.70 and a beta of 0.89. The company has a 50 day moving average of $218.16 and a 200 day moving average of $211.47.

iShares S&P 500 Value ETF 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.