Mendel Money Management Buys 82 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Mendel Money Management grew its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.0% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 2,137 shares of the company’s stock after buying an additional 82 shares during the period. Mendel Money Management’s holdings in iShares S&P 500 Value ETF were worth $408,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Stifel Financial Corp raised its stake in shares of iShares S&P 500 Value ETF by 2.5% in the 3rd quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after buying an additional 60,868 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in iShares S&P 500 Value ETF by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock worth $408,993,000 after purchasing an additional 167,028 shares during the period. Raymond James Financial Inc. acquired a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $311,273,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares S&P 500 Value ETF by 3.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,527,973 shares of the company’s stock valued at $291,659,000 after purchasing an additional 49,640 shares during the period. Finally, Commonwealth Equity Services LLC grew its position in iShares S&P 500 Value ETF by 8.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 999,059 shares of the company’s stock valued at $190,700,000 after acquiring an additional 73,706 shares during the period.

iShares S&P 500 Value ETF Stock Down 0.1 %

Shares of IVE stock opened at $191.71 on Wednesday. The company has a market capitalization of $37.33 billion, a P/E ratio of 21.80 and a beta of 0.94. The firm has a 50-day moving average price of $194.31 and a 200 day moving average price of $196.04. iShares S&P 500 Value ETF has a 12-month low of $176.09 and a 12-month high of $206.63.

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.