Cornerstone Planning Group LLC Has $7.69 Million Stock Position in iShares S&P 500 Value ETF $IVE

Cornerstone Planning Group LLC raised its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 33.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 34,367 shares of the company’s stock after acquiring an additional 8,547 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 1.1% of Cornerstone Planning Group LLC’s holdings, making the stock its 20th biggest position. Cornerstone Planning Group LLC’s holdings in iShares S&P 500 Value ETF were worth $7,691,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in IVE. Simplex Trading LLC bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth $25,000. Hilton Head Capital Partners LLC bought a new position in iShares S&P 500 Value ETF in the fourth quarter valued at $25,000. Decker Retirement Planning Inc. bought a new position in iShares S&P 500 Value ETF in the fourth quarter valued at $26,000. United Services Automobile Association acquired a new stake in iShares S&P 500 Value ETF in the 2nd quarter valued at $26,000. Finally, Palisade Asset Management LLC acquired a new stake in iShares S&P 500 Value ETF in the 3rd quarter valued at $29,000.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $231.15 on Friday. The company’s 50-day moving average price is $227.57 and its two-hundred day moving average price is $220.70. iShares S&P 500 Value ETF has a one year low of $193.90 and a one year high of $233.58. The stock has a market capitalization of $48.88 billion, a PE ratio of 20.70 and a beta of 0.82.

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. 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.