iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Purchased by First Commonwealth Financial Corp PA

First Commonwealth Financial Corp PA lifted its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 18,720 shares of the company’s stock after purchasing an additional 222 shares during the quarter. iShares S&P 500 Value ETF comprises about 0.9% of First Commonwealth Financial Corp PA’s holdings, making the stock its 13th largest holding. First Commonwealth Financial Corp PA’s holdings in iShares S&P 500 Value ETF were worth $3,691,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Northwest Investment Counselors LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth $31,000. Valued Wealth Advisors LLC purchased a new position in iShares S&P 500 Value ETF in the third quarter valued at $35,000. Addison Advisors LLC boosted its holdings in iShares S&P 500 Value ETF by 50.0% in the second quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after purchasing an additional 93 shares during the period. Colony Family Offices LLC boosted its holdings in iShares S&P 500 Value ETF by 77.3% in the third quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock valued at $54,000 after purchasing an additional 119 shares during the period. Finally, TruNorth Capital Management LLC purchased a new position in iShares S&P 500 Value ETF in the second quarter valued at $65,000.

iShares S&P 500 Value ETF Trading Up 0.5 %

NYSEARCA:IVE traded up $1.04 during midday trading on Wednesday, reaching $206.28. The company had a trading volume of 27,026 shares, compared to its average volume of 661,837. The firm has a market capitalization of $36.96 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The stock’s fifty day simple moving average is $198.38 and its 200-day simple moving average is $190.83. iShares S&P 500 Value ETF has a 12-month low of $163.68 and a 12-month high of $206.31.

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.