Fonville Wealth Management LLC Makes New Investment in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Fonville Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 8,367 shares of the company’s stock, valued at approximately $1,455,000.

A number of other institutional investors have also recently bought and sold shares of the business. Peoples Bank KS bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at approximately $25,000. Allspring Global Investments Holdings LLC grew its stake in shares of iShares S&P 500 Value ETF by 700.0% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock valued at $25,000 after buying an additional 140 shares in the last quarter. Fortis Capital Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at approximately $28,000. First Pacific Financial bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at approximately $30,000. Finally, Sound Income Strategies LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at approximately $35,000.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE traded up $0.33 during trading hours on Thursday, hitting $176.91. The stock had a trading volume of 427,065 shares, compared to its average volume of 995,387. The company has a market capitalization of $31.75 billion, a P/E ratio of 23.70 and a beta of 0.87. The firm’s 50-day moving average price is $180.87 and its two-hundred day moving average price is $170.47. iShares S&P 500 Value ETF has a 52 week low of $147.23 and a 52 week high of $187.24.

iShares S&P 500 Value ETF Company 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.