Independent Wealth Network Inc. Acquires New Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Independent Wealth Network Inc. acquired a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 3,231 shares of the company’s stock, valued at approximately $521,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fortis Capital Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $28,000. TimeScale Financial Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter valued at $30,000. Oliver Lagore Vanvalin Investment Group raised its holdings in shares of iShares S&P 500 Value ETF by 133.0% in the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 219 shares of the company’s stock valued at $32,000 after buying an additional 125 shares during the period. HHM Wealth Advisors LLC raised its holdings in shares of iShares S&P 500 Value ETF by 212.7% in the 1st quarter. HHM Wealth Advisors LLC now owns 247 shares of the company’s stock valued at $37,000 after buying an additional 168 shares during the period. Finally, Tower Research Capital LLC TRC purchased a new stake in iShares S&P 500 Value ETF during the 3rd quarter worth about $37,000.

iShares S&P 500 Value ETF Stock Down 0.6 %

NYSEARCA IVE traded down $0.91 during trading hours on Tuesday, hitting $160.15. 82,454 shares of the company were exchanged, compared to its average volume of 684,079. The company has a 50 day moving average of $162.74 and a two-hundred day moving average of $156.33. iShares S&P 500 Value ETF has a 52-week low of $127.33 and a 52-week high of $167.62. The firm has a market cap of $25.32 billion, a price-to-earnings ratio of 15.85 and a beta of 0.94.

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.