Wescott Financial Advisory Group LLC Has $8.77 Million Position in iShares S&P 500 Value ETF $IVE

Wescott Financial Advisory Group LLC increased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 9.8% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 41,331 shares of the company’s stock after acquiring an additional 3,682 shares during the period. iShares S&P 500 Value ETF comprises 0.8% of Wescott Financial Advisory Group LLC’s investment portfolio, making the stock its 27th biggest position. Wescott Financial Advisory Group LLC’s holdings in iShares S&P 500 Value ETF were worth $8,765,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Patten & Patten Inc. TN grew its stake in iShares S&P 500 Value ETF by 4.8% in the fourth quarter. Patten & Patten Inc. TN now owns 1,048 shares of the company’s stock valued at $222,000 after acquiring an additional 48 shares during the period. Flagship Private Wealth LLC grew its stake in iShares S&P 500 Value ETF by 1.1% in the fourth quarter. Flagship Private Wealth LLC now owns 4,250 shares of the company’s stock valued at $901,000 after acquiring an additional 48 shares during the period. Bernardo Wealth Planning LLC grew its stake in iShares S&P 500 Value ETF by 0.5% in the fourth quarter. Bernardo Wealth Planning LLC now owns 9,495 shares of the company’s stock valued at $2,014,000 after acquiring an additional 49 shares during the period. Stegner Investment Associates Inc. grew its stake in iShares S&P 500 Value ETF by 0.3% in the fourth quarter. Stegner Investment Associates Inc. now owns 16,304 shares of the company’s stock valued at $3,457,000 after acquiring an additional 49 shares during the period. Finally, Mainstream Capital Management LLC grew its stake in iShares S&P 500 Value ETF by 4.7% in the fourth quarter. Mainstream Capital Management LLC now owns 1,164 shares of the company’s stock valued at $247,000 after acquiring an additional 52 shares during the period.

iShares S&P 500 Value ETF Stock Up 1.1%

IVE stock opened at $227.15 on Friday. iShares S&P 500 Value ETF has a twelve month low of $189.66 and a twelve month high of $229.53. The stock’s 50 day moving average is $222.37 and its 200-day moving average is $217.73. The firm has a market capitalization of $50.15 billion, a PE ratio of 20.70 and a beta of 0.82.

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.