VSM Wealth Advisory LLC Makes New $454,000 Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

VSM Wealth Advisory LLC bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,378 shares of the company’s stock, valued at approximately $454,000.

A number of other institutional investors have also recently bought and sold shares of IVE. Raymond James Financial Inc. acquired a new stake in iShares S&P 500 Value ETF during the 4th quarter worth $311,273,000. USA Financial Formulas acquired a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $77,191,000. Davis Selected Advisers grew its holdings in shares of iShares S&P 500 Value ETF by 1,452.8% in the 4th quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock valued at $37,637,000 after buying an additional 184,477 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 8.5% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after buying an additional 167,028 shares during the period. Finally, Kovitz Investment Group Partners LLC grew its holdings in shares of iShares S&P 500 Value ETF by 28.7% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock valued at $120,955,000 after buying an additional 136,769 shares during the period.

iShares S&P 500 Value ETF Stock Down 0.8 %

Shares of IVE stock opened at $189.43 on Wednesday. iShares S&P 500 Value ETF has a 12-month low of $176.09 and a 12-month high of $206.63. The firm has a market capitalization of $36.80 billion, a price-to-earnings ratio of 22.06 and a beta of 0.94. The firm has a fifty day moving average of $194.23 and a 200-day moving average of $196.14.

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.