The Manufacturers Life Insurance Company Buys 277,110 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

The Manufacturers Life Insurance Company raised its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 43.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 918,220 shares of the company’s stock after acquiring an additional 277,110 shares during the period. The Manufacturers Life Insurance Company owned about 0.51% of iShares S&P 500 Value ETF worth $167,125,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of IVE. Matrix Private Capital Group LLC boosted its stake in shares of iShares S&P 500 Value ETF by 2.4% in the 2nd quarter. Matrix Private Capital Group LLC now owns 4,254 shares of the company’s stock worth $774,000 after buying an additional 100 shares during the last quarter. Daymark Wealth Partners LLC boosted its position in iShares S&P 500 Value ETF by 1,857.5% in the second quarter. Daymark Wealth Partners LLC now owns 36,370 shares of the company’s stock worth $6,620,000 after purchasing an additional 34,512 shares during the last quarter. Delta Investment Management LLC boosted its position in iShares S&P 500 Value ETF by 9.0% in the second quarter. Delta Investment Management LLC now owns 1,266 shares of the company’s stock worth $230,000 after purchasing an additional 105 shares during the last quarter. Wick Capital Partners LLC bought a new position in iShares S&P 500 Value ETF in the 2nd quarter valued at $778,000. Finally, Wescott Financial Advisory Group LLC increased its position in shares of iShares S&P 500 Value ETF by 14.9% during the 2nd quarter. Wescott Financial Advisory Group LLC now owns 29,757 shares of the company’s stock valued at $5,416,000 after purchasing an additional 3,861 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $196.50 on Friday. The company has a market capitalization of $35.20 billion, a P/E ratio of 23.79 and a beta of 0.81. The company’s 50-day moving average is $191.23 and its 200 day moving average is $185.69. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $197.63.

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.