FARMERS & MERCHANTS TRUST Co OF LONG BEACH Raises Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

FARMERS & MERCHANTS TRUST Co OF LONG BEACH lifted its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 9.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 5,104 shares of the company’s stock after acquiring an additional 425 shares during the period. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in iShares S&P 500 Value ETF were worth $974,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of IVE. Chesapeake Wealth Management grew its position in iShares S&P 500 Value ETF by 3.8% in the third quarter. Chesapeake Wealth Management now owns 1,382 shares of the company’s stock valued at $272,000 after acquiring an additional 50 shares in the last quarter. West Coast Financial LLC boosted its stake in shares of iShares S&P 500 Value ETF by 0.3% in the fourth quarter. West Coast Financial LLC now owns 16,432 shares of the company’s stock valued at $3,137,000 after purchasing an additional 53 shares during the period. GDS Wealth Management grew its holdings in iShares S&P 500 Value ETF by 3.3% during the 3rd quarter. GDS Wealth Management now owns 1,765 shares of the company’s stock valued at $348,000 after purchasing an additional 56 shares in the last quarter. Roble Belko & Company Inc increased its stake in iShares S&P 500 Value ETF by 0.5% during the 4th quarter. Roble Belko & Company Inc now owns 11,238 shares of the company’s stock worth $2,145,000 after buying an additional 57 shares during the period. Finally, Whitcomb & Hess Inc. lifted its holdings in iShares S&P 500 Value ETF by 1.0% in the 3rd quarter. Whitcomb & Hess Inc. now owns 6,023 shares of the company’s stock worth $1,188,000 after buying an additional 58 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $194.09 on Friday. iShares S&P 500 Value ETF has a 1-year low of $170.13 and a 1-year high of $206.63. The stock has a market cap of $34.77 billion, a P/E ratio of 23.79 and a beta of 0.81. The firm has a 50-day moving average of $196.93 and a two-hundred day moving average of $193.97.

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.