Cambridge Investment Research Advisors Inc. Raises Stock Position in iShares S&P 500 Value ETF $IVE

Cambridge Investment Research Advisors Inc. increased its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 21.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 514,397 shares of the company’s stock after acquiring an additional 90,770 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $109,088,000 at the end of the most recent reporting period.

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

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $223.45 on Friday. The firm has a market cap of $49.34 billion, a PE ratio of 20.70 and a beta of 0.83. The firm has a fifty day moving average of $216.67 and a 200 day moving average of $215.21. iShares S&P 500 Value ETF has a one year low of $185.34 and a one year high of $225.90.

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.