Oppenheimer & Co. Inc. Has $7.93 Million Stake in iShares S&P 500 Value ETF $IVE

Oppenheimer & Co. Inc. raised its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,410 shares of the company’s stock after purchasing an additional 2,920 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in iShares S&P 500 Value ETF were worth $7,934,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of IVE. United Services Automobile Association acquired a new stake in shares of iShares S&P 500 Value ETF in the second quarter valued at about $26,000. Decker Retirement Planning Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $26,000. Palisade Asset Management LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at about $29,000. Ransom Advisory Ltd acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $31,000. Finally, Center for Financial Planning Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at about $32,000.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $223.51 on Friday. The stock’s 50-day simple moving average is $216.09 and its 200 day simple moving average is $214.08. The company has a market cap of $49.35 billion, a P/E ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 52-week low of $183.05 and a 52-week high of $225.26.

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.