WealthPLAN Partners LLC Raises Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

WealthPLAN Partners LLC lifted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 7.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 86,230 shares of the company’s stock after buying an additional 6,147 shares during the period. iShares S&P 500 Value ETF comprises 1.7% of WealthPLAN Partners LLC’s portfolio, making the stock its 8th largest holding. WealthPLAN Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $16,109,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Palisade Asset Management LLC purchased a new position in shares of iShares S&P 500 Value ETF during the first quarter valued at approximately $26,000. CarsonAllaria Wealth Management Ltd. raised its holdings in shares of iShares S&P 500 Value ETF by 289.5% during the first quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock valued at $28,000 after purchasing an additional 110 shares during the last quarter. Vima LLC purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $27,000. Northwest Investment Counselors LLC purchased a new position in shares of iShares S&P 500 Value ETF during the first quarter valued at approximately $29,000. Finally, First Pacific Financial purchased a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at approximately $30,000.

iShares S&P 500 Value ETF Trading Up 0.6 %

IVE stock traded up $1.11 during midday trading on Friday, reaching $186.03. 530,891 shares of the company’s stock traded hands, compared to its average volume of 780,999. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $187.24. The stock has a market cap of $33.33 billion, a P/E ratio of 23.79 and a beta of 0.81. The stock’s 50-day moving average is $182.98 and its 200 day moving average is $180.01.

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.