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

Ballentine Partners LLC grew its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 8,317 shares of the company’s stock after acquiring an additional 423 shares during the period. Ballentine Partners LLC’s holdings in iShares S&P 500 Value ETF were worth $1,640,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. International Assets Investment Management LLC lifted its holdings in iShares S&P 500 Value ETF by 18,046.1% in the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock valued at $262,938,000 after acquiring an additional 1,326,211 shares during the period. Cetera Investment Advisers lifted its stake in shares of iShares S&P 500 Value ETF by 905.6% in the first quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock valued at $263,498,000 after purchasing an additional 1,270,256 shares during the period. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 503.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,377,642 shares of the company’s stock valued at $257,357,000 after purchasing an additional 1,149,497 shares during the period. JPMorgan Chase & Co. boosted its holdings in iShares S&P 500 Value ETF by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after buying an additional 861,704 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its position in iShares S&P 500 Value ETF by 314.9% during the first quarter. Janney Montgomery Scott LLC now owns 626,981 shares of the company’s stock worth $117,126,000 after buying an additional 475,860 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.7 %

IVE stock opened at $196.32 on Friday. The firm has a 50 day moving average of $195.53 and a 200-day moving average of $187.62. The company has a market cap of $35.17 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $201.08.

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.