439,034 Shares in iShares S&P 500 Value ETF $IVE Acquired by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 439,034 shares of the company’s stock, valued at approximately $92,702,000.

A number of other hedge funds also recently bought and sold shares of IVE. Cassaday & Co Wealth Management LLC increased its holdings in shares of iShares S&P 500 Value ETF by 3,286.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock valued at $244,681,000 after acquiring an additional 1,119,709 shares during the period. Morgan Stanley raised its position in shares of iShares S&P 500 Value ETF by 7.5% in the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after acquiring an additional 1,068,945 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of iShares S&P 500 Value ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after purchasing an additional 821,872 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 47.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after purchasing an additional 816,767 shares during the last quarter. Finally, CWM LLC lifted its stake in shares of iShares S&P 500 Value ETF by 37.5% during the 4th quarter. CWM LLC now owns 2,579,248 shares of the company’s stock worth $546,981,000 after purchasing an additional 702,987 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $232.36 on Thursday. The stock’s 50-day moving average is $228.64 and its 200 day moving average is $221.73. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $234.91. The company has a market cap of $49.12 billion, a P/E ratio of 20.70 and a beta of 0.82.

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.