Golden State Wealth Management LLC Has $452,000 Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Golden State Wealth Management LLC increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 18.9% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,370 shares of the company’s stock after buying an additional 377 shares during the period. Golden State Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $452,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 3.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock valued at $2,564,620,000 after purchasing an additional 493,784 shares in the last quarter. Bank of America Corp DE boosted its position in iShares S&P 500 Value ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock valued at $1,555,395,000 after buying an additional 200,707 shares during the last quarter. Stifel Financial Corp increased its stake in shares of iShares S&P 500 Value ETF by 3.5% in the 4th quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock valued at $491,832,000 after buying an additional 88,096 shares during the period. Ameriprise Financial Inc. raised its position in shares of iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Ameriprise Financial Inc. now owns 2,455,376 shares of the company’s stock worth $468,171,000 after acquiring an additional 171,953 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of iShares S&P 500 Value ETF by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock worth $408,993,000 after acquiring an additional 167,028 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 0.6%

iShares S&P 500 Value ETF stock opened at $198.67 on Friday. The business’s 50-day simple moving average is $189.92 and its 200 day simple moving average is $189.97. The stock has a market cap of $39.78 billion, a price-to-earnings ratio of 20.88 and a beta of 0.94. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $206.63.

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.