Rehmann Capital Advisory Group Grows Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Rehmann Capital Advisory Group raised its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 556,304 shares of the company’s stock after purchasing an additional 89,196 shares during the quarter. iShares S&P 500 Value ETF accounts for about 7.2% of Rehmann Capital Advisory Group’s portfolio, making the stock its largest holding. Rehmann Capital Advisory Group’s holdings in iShares S&P 500 Value ETF were worth $109,715,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Northwest Investment Counselors LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at $31,000. Valued Wealth Advisors LLC acquired a new position in iShares S&P 500 Value ETF in the 3rd quarter worth about $35,000. Hobbs Group Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth about $40,000. Addison Advisors LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 50.0% during the 2nd quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after buying an additional 93 shares during the last quarter. Finally, Colony Family Offices LLC grew its stake in shares of iShares S&P 500 Value ETF by 77.3% in the 3rd quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock valued at $54,000 after buying an additional 119 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $200.04 on Wednesday. The company has a market capitalization of $35.84 billion, a P/E ratio of 23.79 and a beta of 0.81. The stock’s 50 day moving average price is $199.73 and its 200 day moving average price is $192.00. iShares S&P 500 Value ETF has a 52 week low of $167.14 and a 52 week high of $206.63.

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.