Cedar Mountain Advisors LLC Invests $41,000 in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Cedar Mountain Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Rating) during the 4th quarter, Holdings Channel.com reports. The firm bought 284 shares of the company’s stock, valued at approximately $41,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Lido Advisors LLC raised its position in iShares S&P 500 Value ETF by 128.8% in the first quarter. Lido Advisors LLC now owns 1,178,301 shares of the company’s stock valued at $183,485,000 after purchasing an additional 663,252 shares during the period. Wells Fargo & Company MN raised its holdings in shares of iShares S&P 500 Value ETF by 3.3% during the 2nd quarter. Wells Fargo & Company MN now owns 9,228,222 shares of the company’s stock valued at $1,268,512,000 after buying an additional 293,273 shares during the period. Cetera Advisors LLC lifted its position in iShares S&P 500 Value ETF by 160.5% during the 2nd quarter. Cetera Advisors LLC now owns 349,061 shares of the company’s stock worth $47,982,000 after acquiring an additional 215,083 shares in the last quarter. US Bancorp DE boosted its holdings in iShares S&P 500 Value ETF by 15.9% in the 3rd quarter. US Bancorp DE now owns 1,207,597 shares of the company’s stock worth $155,201,000 after acquiring an additional 165,942 shares during the period. Finally, Mariner LLC boosted its holdings in iShares S&P 500 Value ETF by 17.1% in the 1st quarter. Mariner LLC now owns 1,112,167 shares of the company’s stock worth $173,187,000 after acquiring an additional 162,771 shares during the period.

iShares S&P 500 Value ETF Stock Down 1.6 %

IVE opened at $145.35 on Friday. The firm’s 50 day moving average is $152.28 and its 200-day moving average is $145.58. iShares S&P 500 Value ETF has a 52-week low of $127.33 and a 52-week high of $160.30. The firm has a market capitalization of $24.40 billion, a P/E ratio of 15.85 and a beta of 0.94.

iShares S&P 500 Value ETF Profile

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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.