Waterway Wealth Management LLC Purchases New Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Waterway Wealth Management LLC purchased a new stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor purchased 2,622 shares of the company’s stock, valued at approximately $490,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Wells Fargo & Company MN grew its stake in shares of iShares S&P 500 Value ETF by 0.3% during the fourth quarter. Wells Fargo & Company MN now owns 7,565,945 shares of the company’s stock valued at $1,315,642,000 after acquiring an additional 25,641 shares in the last quarter. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 8.9% during the fourth quarter. Envestnet Asset Management Inc. now owns 4,314,163 shares of the company’s stock valued at $750,190,000 after acquiring an additional 351,478 shares in the last quarter. UBS Group AG grew its stake in shares of iShares S&P 500 Value ETF by 0.4% during the fourth quarter. UBS Group AG now owns 3,558,382 shares of the company’s stock valued at $618,767,000 after acquiring an additional 14,425 shares in the last quarter. Stifel Financial Corp grew its stake in shares of iShares S&P 500 Value ETF by 1.2% during the fourth quarter. Stifel Financial Corp now owns 2,195,335 shares of the company’s stock valued at $381,746,000 after acquiring an additional 25,246 shares in the last quarter. Finally, CWM LLC grew its stake in shares of iShares S&P 500 Value ETF by 228.4% during the first quarter. CWM LLC now owns 1,496,348 shares of the company’s stock valued at $279,533,000 after acquiring an additional 1,040,767 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.1 %

Shares of iShares S&P 500 Value ETF stock traded up $0.18 during trading hours on Friday, hitting $182.01. 426,125 shares of the company’s stock traded hands, compared to its average volume of 800,868. The stock has a 50 day simple moving average of $182.48 and a 200-day simple moving average of $179.37. The company has a market cap of $32.61 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a twelve month low of $147.23 and a twelve month 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.