GSB Wealth Management LLC Grows Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

GSB Wealth Management LLC increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,579 shares of the company’s stock after buying an additional 253 shares during the period. GSB Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $2,401,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in IVE. Hsbc Holdings PLC raised its position in iShares S&P 500 Value ETF by 50.3% during the second quarter. Hsbc Holdings PLC now owns 5,605 shares of the company’s stock worth $1,020,000 after acquiring an additional 1,875 shares during the last quarter. Delta Investment Management LLC raised its position in iShares S&P 500 Value ETF by 9.0% during the second quarter. Delta Investment Management LLC now owns 1,266 shares of the company’s stock worth $230,000 after acquiring an additional 105 shares during the last quarter. Matrix Private Capital Group LLC raised its position in iShares S&P 500 Value ETF by 2.4% during the second quarter. Matrix Private Capital Group LLC now owns 4,254 shares of the company’s stock worth $774,000 after acquiring an additional 100 shares during the last quarter. The Manufacturers Life Insurance Company raised its position in iShares S&P 500 Value ETF by 43.2% during the second quarter. The Manufacturers Life Insurance Company now owns 918,220 shares of the company’s stock worth $167,125,000 after acquiring an additional 277,110 shares during the last quarter. Finally, Clarity Asset Management Inc. raised its position in iShares S&P 500 Value ETF by 14.7% during the second quarter. Clarity Asset Management Inc. now owns 4,632 shares of the company’s stock worth $843,000 after acquiring an additional 593 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $196.15 on Friday. The firm has a 50 day simple moving average of $196.45 and a 200-day simple moving average of $194.36. The firm has a market cap of $35.14 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 $173.01 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.