Mayflower Financial Advisors LLC Grows Stake in iShares S&P 500 Value ETF $IVE

Mayflower Financial Advisors LLC increased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 32.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 63,334 shares of the company’s stock after acquiring an additional 15,584 shares during the period. iShares S&P 500 Value ETF accounts for 1.3% of Mayflower Financial Advisors LLC’s holdings, making the stock its 11th biggest position. Mayflower Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $13,431,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the company. United Services Automobile Association acquired a new stake in iShares S&P 500 Value ETF in the second quarter valued at $26,000. Palisade Asset Management LLC acquired a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter worth $29,000. Ransom Advisory Ltd acquired a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth $31,000. Center for Financial Planning Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth about $32,000. Finally, Tripletail Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth about $37,000.

iShares S&P 500 Value ETF Trading Down 0.5%

Shares of NYSEARCA IVE opened at $210.13 on Friday. The company’s 50-day moving average price is $217.17 and its 200 day moving average price is $212.09. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $223.05. The stock has a market cap of $47.47 billion, a price-to-earnings 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.