PFG Advisors Acquires 984 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

PFG Advisors raised its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.8% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 12,179 shares of the company’s stock after purchasing an additional 984 shares during the period. PFG Advisors’ holdings in iShares S&P 500 Value ETF were worth $2,325,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Stifel Financial Corp boosted 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 purchasing an additional 60,868 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake 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 purchasing an additional 167,028 shares in the last quarter. Raymond James Financial Inc. acquired a new position in iShares S&P 500 Value ETF during the 4th quarter worth about $311,273,000. Huntington National Bank lifted its position in iShares S&P 500 Value ETF by 6.9% during the 3rd quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock worth $206,225,000 after buying an additional 67,448 shares in the last quarter. Finally, Park Avenue Securities LLC lifted its position in iShares S&P 500 Value ETF by 5.8% during the 4th quarter. Park Avenue Securities LLC now owns 947,689 shares of the company’s stock worth $180,895,000 after buying an additional 51,773 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 0.5 %

Shares of NYSEARCA IVE opened at $187.35 on Thursday. 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 cap of $36.39 billion, a price-to-earnings ratio of 22.06 and a beta of 0.94. The firm’s 50-day simple moving average is $194.41 and its 200 day simple moving average is $196.29.

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.