Parallel Advisors LLC Purchases 5,847 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Parallel Advisors LLC increased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 55,123 shares of the company’s stock after purchasing an additional 5,847 shares during the quarter. Parallel Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $10,033,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. boosted its position in shares of iShares S&P 500 Value ETF by 0.6% in the 4th quarter. D.A. Davidson & CO. now owns 18,017 shares of the company’s stock worth $3,133,000 after purchasing an additional 110 shares during the last quarter. Sachetta LLC bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $1,723,000. BKM Wealth Management LLC raised its stake in iShares S&P 500 Value ETF by 2.9% during the 1st quarter. BKM Wealth Management LLC now owns 63,882 shares of the company’s stock worth $11,934,000 after buying an additional 1,802 shares during the period. Focus Financial Network Inc. ADV acquired a new position in iShares S&P 500 Value ETF in the fourth quarter valued at about $7,322,000. Finally, Sutton Place Investors LLC increased its holdings in shares of iShares S&P 500 Value ETF by 9.3% in the second quarter. Sutton Place Investors LLC now owns 5,704 shares of the company’s stock worth $1,038,000 after acquiring an additional 483 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $194.26 on Friday. The stock has a 50 day simple moving average of $189.39 and a 200 day simple moving average of $184.71. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $196.36. The firm has a market capitalization of $34.80 billion, a PE ratio of 23.79 and a beta of 0.81.

About iShares S&P 500 Value ETF

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.