Western Wealth Management LLC Raises Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Western Wealth Management LLC lifted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 48,905 shares of the company’s stock after acquiring an additional 842 shares during the quarter. Western Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $8,504,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Peoples Bank KS purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth approximately $25,000. Allspring Global Investments Holdings LLC increased its position in shares of iShares S&P 500 Value ETF by 700.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock worth $25,000 after acquiring an additional 140 shares during the period. Fortis Capital Advisors LLC purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth approximately $28,000. First Pacific Financial purchased a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC purchased a new position in iShares S&P 500 Value ETF during the fourth quarter valued at approximately $35,000.

iShares S&P 500 Value ETF Stock Up 0.2 %

IVE stock traded up $0.33 during trading on Thursday, hitting $176.91. 427,065 shares of the company’s stock traded hands, compared to its average volume of 995,387. The firm has a market capitalization of $31.75 billion, a P/E ratio of 23.70 and a beta of 0.87. The business has a fifty day simple moving average of $180.87 and a two-hundred day simple moving average of $170.47. iShares S&P 500 Value ETF has a 1 year low of $147.23 and a 1 year high of $187.24.

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.