Transcendent Capital Group LLC Boosts Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Transcendent Capital Group LLC lifted its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3,563.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,136 shares of the company’s stock after buying an additional 17,641 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 1.8% of Transcendent Capital Group LLC’s portfolio, making the stock its 13th biggest holding. Transcendent Capital Group LLC’s holdings in iShares S&P 500 Value ETF were worth $3,576,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in iShares S&P 500 Value ETF by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after acquiring an additional 861,704 shares during the last quarter. Envestnet Asset Management Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after purchasing an additional 420,007 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares S&P 500 Value ETF by 4.9% in the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock worth $775,111,000 after purchasing an additional 200,427 shares during the last quarter. US Bancorp DE raised its stake in iShares S&P 500 Value ETF by 9.9% in the first quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock valued at $287,516,000 after purchasing an additional 139,258 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in iShares S&P 500 Value ETF by 3.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock valued at $259,313,000 after purchasing an additional 47,074 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $201.82 on Friday. The firm has a 50 day simple moving average of $196.49 and a two-hundred day simple moving average of $188.96. The stock has a market cap of $36.16 billion, a PE ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a one year low of $155.79 and a one year high of $202.44.

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.