MidAtlantic Capital Management Inc. Invests $987,000 in iShares S&P 500 Value ETF (NYSEARCA:IVE)

MidAtlantic Capital Management Inc. purchased a new position in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the third quarter, HoldingsChannel.com reports. The fund purchased 5,008 shares of the company’s stock, valued at approximately $987,000.

A number of other large investors also recently modified their holdings of the business. Envestnet Asset Management Inc. lifted its position in shares of iShares S&P 500 Value ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after buying an additional 420,007 shares during the last quarter. LPL Financial LLC lifted its position in iShares S&P 500 Value ETF by 4.9% in the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after purchasing an additional 200,427 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in iShares S&P 500 Value ETF by 3.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock valued at $259,313,000 after purchasing an additional 47,074 shares during the last quarter. Cetera Investment Advisers lifted its position in iShares S&P 500 Value ETF by 905.6% in the 1st quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock valued at $263,498,000 after purchasing an additional 1,270,256 shares during the last quarter. Finally, International Assets Investment Management LLC lifted its position in iShares S&P 500 Value ETF by 18,046.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock valued at $262,938,000 after purchasing an additional 1,326,211 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 0.3 %

Shares of NYSEARCA:IVE opened at $199.51 on Monday. The company has a market cap of $35.74 billion, a PE ratio of 23.79 and a beta of 0.81. The company’s 50-day moving average price is $197.20 and its 200 day moving average price is $189.82. iShares S&P 500 Value ETF has a fifty-two week low of $161.43 and a fifty-two week high of $203.67.

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.