Covington Capital Management Acquires 587 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Covington Capital Management grew its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Rating) by 14.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,772 shares of the company’s stock after buying an additional 587 shares during the quarter. Covington Capital Management’s holdings in iShares S&P 500 Value ETF were worth $613,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Hudson Capital Management LLC lifted its position in iShares S&P 500 Value ETF by 0.3% during the 3rd quarter. Hudson Capital Management LLC now owns 28,395 shares of the company’s stock worth $3,649,000 after buying an additional 81 shares in the last quarter. First Manhattan Co. raised its holdings in shares of iShares S&P 500 Value ETF by 0.5% in the 1st quarter. First Manhattan Co. now owns 15,916 shares of the company’s stock valued at $2,478,000 after purchasing an additional 85 shares during the period. Gofen & Glossberg LLC IL raised its holdings in shares of iShares S&P 500 Value ETF by 1.4% in the 3rd quarter. Gofen & Glossberg LLC IL now owns 6,102 shares of the company’s stock valued at $784,000 after purchasing an additional 86 shares during the period. Family Firm Inc. raised its holdings in shares of iShares S&P 500 Value ETF by 0.9% in the 3rd quarter. Family Firm Inc. now owns 10,175 shares of the company’s stock valued at $1,308,000 after purchasing an additional 89 shares during the period. Finally, Arlington Partners LLC raised its holdings in shares of iShares S&P 500 Value ETF by 0.3% in the 3rd quarter. Arlington Partners LLC now owns 34,957 shares of the company’s stock valued at $4,493,000 after purchasing an additional 95 shares during the period.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $146.59 on Wednesday. The firm’s 50-day moving average is $152.37 and its 200-day moving average is $145.54. The stock has a market cap of $24.61 billion, a price-to-earnings ratio of 15.85 and a beta of 0.94. iShares S&P 500 Value ETF has a 52-week low of $127.33 and a 52-week high of $160.30.

iShares S&P 500 Value ETF Profile

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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.