Morris Financial Concepts Inc. Purchases 575 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Morris Financial Concepts Inc. increased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.0% in the fourth quarter, HoldingsChannel reports. The firm owned 19,672 shares of the company’s stock after buying an additional 575 shares during the period. iShares S&P 500 Value ETF makes up 2.0% of Morris Financial Concepts Inc.’s portfolio, making the stock its 11th largest position. Morris Financial Concepts Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,421,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Sage Financial Group Inc. acquired a new position in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $217,000. Financial Enhancement Group LLC lifted its position in iShares S&P 500 Value ETF by 35.5% during the fourth quarter. Financial Enhancement Group LLC now owns 50,751 shares of the company’s stock worth $8,683,000 after acquiring an additional 13,298 shares during the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 19.8% during the third quarter. Cullen Frost Bankers Inc. now owns 97,534 shares of the company’s stock worth $15,005,000 after acquiring an additional 16,129 shares during the period. Smith Anglin Financial LLC grew its position in shares of iShares S&P 500 Value ETF by 4.8% in the fourth quarter. Smith Anglin Financial LLC now owns 376,324 shares of the company’s stock valued at $65,439,000 after purchasing an additional 17,236 shares during the last quarter. Finally, SOA Wealth Advisors LLC. increased its stake in shares of iShares S&P 500 Value ETF by 4.2% during the third quarter. SOA Wealth Advisors LLC. now owns 7,642 shares of the company’s stock worth $1,176,000 after purchasing an additional 306 shares during the period.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE traded down $2.62 during mid-day trading on Friday, hitting $178.58. 535,510 shares of the stock were exchanged, compared to its average volume of 1,018,465. The firm’s 50-day simple moving average is $180.69 and its 200 day simple moving average is $169.72. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $187.24. The stock has a market capitalization of $32.05 billion, a price-to-earnings ratio of 23.70 and a beta of 0.87.

iShares S&P 500 Value ETF Profile

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.