Nolet Wealth Management LLC Acquires New Position in iShares S&P 500 Value ETF $IVE

Nolet Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 15,425 shares of the company’s stock, valued at approximately $3,271,000. iShares S&P 500 Value ETF accounts for 1.8% of Nolet Wealth Management LLC’s portfolio, making the stock its 10th largest holding.

Several other large investors have also added to or reduced their stakes in the company. Simplex Trading LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC purchased a new stake in iShares S&P 500 Value ETF in the 4th quarter worth $25,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Value ETF during the fourth quarter valued at about $26,000. United Services Automobile Association bought a new stake in iShares S&P 500 Value ETF during the second quarter valued at about $26,000. Finally, Palisade Asset Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the third quarter valued at about $29,000.

iShares S&P 500 Value ETF Trading Up 0.3%

NYSEARCA:IVE opened at $226.38 on Friday. iShares S&P 500 Value ETF has a 12-month low of $189.67 and a 12-month high of $230.05. The stock has a 50-day moving average price of $223.94 and a 200 day moving average price of $218.35. The stock has a market capitalization of $49.98 billion, a P/E ratio of 20.70 and a beta of 0.82.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.