Cypress Wealth Services LLC Acquires 2,030 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Cypress Wealth Services LLC raised its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.1% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 42,145 shares of the company’s stock after acquiring an additional 2,030 shares during the period. iShares S&P 500 Value ETF comprises about 1.6% of Cypress Wealth Services LLC’s portfolio, making the stock its 14th largest holding. Cypress Wealth Services LLC’s holdings in iShares S&P 500 Value ETF were worth $8,045,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake in shares of iShares S&P 500 Value ETF by 100.0% in the fourth quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after buying an additional 76 shares during the period. Northwest Investment Counselors LLC bought a new stake in iShares S&P 500 Value ETF in the 3rd quarter worth $31,000. Valued Wealth Advisors LLC purchased a new position in shares of iShares S&P 500 Value ETF in the third quarter valued at about $35,000. Copley Financial Group Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the third quarter valued at about $36,000. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth about $40,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $192.82 on Friday. The business’s 50-day moving average is $197.24 and its 200 day moving average is $193.89. The stock has a market capitalization of $34.54 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 1 year low of $170.13 and a 1 year high of $206.63.

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.