United Community Bank Grows Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

United Community Bank raised its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 14.1% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 1,580 shares of the company’s stock after purchasing an additional 195 shares during the quarter. United Community Bank’s holdings in iShares S&P 500 Value ETF were worth $302,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in IVE. LexAurum Advisors LLC raised its stake in shares of iShares S&P 500 Value ETF by 47.2% in the fourth quarter. LexAurum Advisors LLC now owns 3,846 shares of the company’s stock worth $734,000 after purchasing an additional 1,233 shares during the last quarter. Financial Synergies Wealth Advisors Inc. lifted its position in iShares S&P 500 Value ETF by 0.6% during the fourth quarter. Financial Synergies Wealth Advisors Inc. now owns 28,709 shares of the company’s stock valued at $5,480,000 after purchasing an additional 160 shares during the last quarter. DAVENPORT & Co LLC increased its position in shares of iShares S&P 500 Value ETF by 10.9% during the 4th quarter. DAVENPORT & Co LLC now owns 3,783 shares of the company’s stock valued at $722,000 after purchasing an additional 372 shares during the last quarter. Equitable Trust Co. purchased a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth about $5,806,000. Finally, Empowered Funds LLC bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $133,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $194.14 on Friday. The firm’s 50-day moving average is $194.52 and its 200 day moving average is $196.36. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63. The company has a market capitalization of $37.71 billion, a PE ratio of 22.06 and a beta of 0.94.

iShares S&P 500 Value ETF Company 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.