Envestnet Portfolio Solutions Inc. Grows Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Envestnet Portfolio Solutions Inc. raised its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.4% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,527,973 shares of the company’s stock after purchasing an additional 49,640 shares during the period. iShares S&P 500 Value ETF makes up 1.0% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 24th biggest position. Envestnet Portfolio Solutions Inc.’s holdings in iShares S&P 500 Value ETF were worth $291,659,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Chesapeake Wealth Management grew its stake in shares of iShares S&P 500 Value ETF by 3.8% during the third quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock valued at $272,000 after buying an additional 50 shares during the last quarter. West Coast Financial LLC grew its position in iShares S&P 500 Value ETF by 0.3% in the 4th quarter. West Coast Financial LLC now owns 16,432 shares of the company’s stock valued at $3,137,000 after acquiring an additional 53 shares during the last quarter. SWP Financial LLC grew its position in iShares S&P 500 Value ETF by 0.4% in the 4th quarter. SWP Financial LLC now owns 12,799 shares of the company’s stock valued at $2,443,000 after acquiring an additional 54 shares during the last quarter. Roble Belko & Company Inc increased its stake in iShares S&P 500 Value ETF by 0.5% in the fourth quarter. Roble Belko & Company Inc now owns 11,238 shares of the company’s stock worth $2,145,000 after purchasing an additional 57 shares during the period. Finally, Family Firm Inc. lifted its position in shares of iShares S&P 500 Value ETF by 0.5% during the fourth quarter. Family Firm Inc. now owns 10,464 shares of the company’s stock worth $1,998,000 after purchasing an additional 57 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 1.6 %

NYSEARCA IVE opened at $188.81 on Friday. The stock has a market cap of $36.68 billion, a PE ratio of 22.06 and a beta of 0.94. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63. The company’s 50-day moving average price is $194.27 and its 200-day moving average price is $196.20.

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.