Stonegate Investment Group LLC Has $6.56 Million Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Stonegate Investment Group LLC lifted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 74.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 35,094 shares of the company’s stock after buying an additional 14,993 shares during the quarter. Stonegate Investment Group LLC’s holdings in iShares S&P 500 Value ETF were worth $6,556,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of IVE. Sutton Place Investors LLC acquired a new stake in iShares S&P 500 Value ETF during the 1st quarter worth approximately $975,000. Gray Private Wealth LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the first quarter worth $4,112,000. Pacific Sage Partners LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 52.5% during the first quarter. Pacific Sage Partners LLC now owns 3,330 shares of the company’s stock worth $622,000 after buying an additional 1,147 shares in the last quarter. PFG Investments LLC boosted its position in shares of iShares S&P 500 Value ETF by 7.4% in the first quarter. PFG Investments LLC now owns 3,167 shares of the company’s stock valued at $592,000 after acquiring an additional 219 shares during the period. Finally, Bay Harbor Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF in the first quarter valued at about $5,262,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE traded down $2.12 during trading hours on Tuesday, reaching $178.79. 381,048 shares of the company were exchanged, compared to its average volume of 949,184. The business has a 50 day moving average of $181.49 and a 200 day moving average of $172.27. iShares S&P 500 Value ETF has a 1-year low of $147.23 and a 1-year high of $187.24. The company has a market capitalization of $32.03 billion, a P/E ratio of 23.38 and a beta of 0.84.

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.