Trek Financial LLC Purchases 39,068 Shares of iShares S&P 500 Value ETF $IVE

Trek Financial LLC lifted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 48.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 120,030 shares of the company’s stock after acquiring an additional 39,068 shares during the period. iShares S&P 500 Value ETF makes up about 1.5% of Trek Financial LLC’s investment portfolio, making the stock its 12th largest position. Trek Financial LLC’s holdings in iShares S&P 500 Value ETF were worth $25,455,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 5.4% in the third quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock valued at $4,568,288,000 after buying an additional 1,137,886 shares in the last quarter. Bank of America Corp DE grew its stake in shares of iShares S&P 500 Value ETF by 0.9% in the third quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock valued at $1,734,056,000 after buying an additional 72,040 shares in the last quarter. UBS Group AG grew its stake in shares of iShares S&P 500 Value ETF by 1.0% in the third quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock valued at $744,423,000 after buying an additional 37,372 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of iShares S&P 500 Value ETF by 19.0% in the second quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock valued at $591,818,000 after buying an additional 484,782 shares in the last quarter. Finally, CWM LLC grew its stake in shares of iShares S&P 500 Value ETF by 37.5% in the fourth quarter. CWM LLC now owns 2,579,248 shares of the company’s stock valued at $546,981,000 after buying an additional 702,987 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $224.58 on Tuesday. The company has a fifty day moving average price of $216.41 and a two-hundred day moving average price of $214.82. iShares S&P 500 Value ETF has a one year low of $185.34 and a one year high of $225.34. The stock has a market cap of $49.59 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83.

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.