Chemical Bank purchased a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 1,907 shares of the company’s stock, valued at approximately $221,000.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Ropes Wealth Advisors LLC raised its stake in shares of iShares S&P 500 Value ETF by 78.0% in the second quarter. Ropes Wealth Advisors LLC now owns 1,036 shares of the company’s stock valued at $114,000 after acquiring an additional 454 shares in the last quarter. WealthTrust Arizona LLC acquired a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at $142,000. Palo Capital Inc. acquired a new stake in iShares S&P 500 Value ETF in the third quarter valued at $149,000. Horrell Capital Management Inc. acquired a new stake in iShares S&P 500 Value ETF in the second quarter valued at $163,000. Finally, Simplex Trading LLC acquired a new stake in iShares S&P 500 Value ETF in the third quarter valued at $176,000.
iShares S&P 500 Value ETF stock opened at $112.93 on Friday. iShares S&P 500 Value ETF has a 1-year low of $105.81 and a 1-year high of $121.12.
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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.
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