Founders Grove Wealth Partners LLC Takes Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Founders Grove Wealth Partners LLC acquired a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 4th quarter, Holdings Channel.com reports. The fund acquired 25,962 shares of the company’s stock, valued at approximately $4,956,000. iShares S&P 500 Value ETF makes up 1.4% of Founders Grove Wealth Partners LLC’s portfolio, making the stock its 24th biggest position.

A number of other large investors have also added to or reduced their stakes in IVE. Laurel Wealth Advisors LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 51.8% during the fourth quarter. Laurel Wealth Advisors LLC now owns 6,307 shares of the company’s stock worth $1,204,000 after purchasing an additional 2,151 shares during the period. Clarus Wealth Advisors increased its holdings in iShares S&P 500 Value ETF by 8.7% in the fourth quarter. Clarus Wealth Advisors now owns 19,910 shares of the company’s stock valued at $3,771,000 after purchasing an additional 1,598 shares during the period. Thurston Springer Miller Herd & Titak Inc. raised its position in iShares S&P 500 Value ETF by 100.0% during the 4th quarter. Thurston Springer Miller Herd & Titak Inc. now owns 152 shares of the company’s stock worth $29,000 after purchasing an additional 76 shares during the last quarter. Park Avenue Securities LLC lifted its holdings 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 during the period. Finally, Pines Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $3,391,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $190.30 on Wednesday. The stock has a market capitalization of $34.09 billion, a PE ratio of 23.79 and a beta of 0.81. The business’s 50 day simple moving average is $197.41 and its 200 day simple moving average is $193.90. iShares S&P 500 Value ETF has a one year low of $170.13 and a one year high of $206.63.

iShares S&P 500 Value ETF 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.