Armstrong Advisory Group Inc. Boosts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Armstrong Advisory Group Inc. lifted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 31.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,331 shares of the company’s stock after purchasing an additional 319 shares during the period. Armstrong Advisory Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $254,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the stock. Thurston Springer Miller Herd & Titak Inc. increased its stake 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 buying an additional 76 shares in the last quarter. Northwest Investment Counselors LLC purchased a new position in shares of iShares S&P 500 Value ETF in the third quarter valued at approximately $31,000. Valued Wealth Advisors LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth approximately $35,000. Copley Financial Group Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the third quarter worth approximately $36,000. Finally, Hobbs Group Advisors LLC acquired a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at $40,000.

iShares S&P 500 Value ETF Stock Up 1.3 %

Shares of IVE opened at $192.70 on Thursday. iShares S&P 500 Value ETF has a 52-week low of $170.13 and a 52-week high of $206.63. The stock has a market cap of $34.52 billion, a PE ratio of 23.79 and a beta of 0.81. The firm’s fifty day moving average is $197.41 and its two-hundred day moving average is $193.90.

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.