Prio Wealth Limited Partnership's Investment in iShares S&P 500 Value ETF

Prio Wealth Limited Partnership has made significant changes to its investment in iShares S&P 500 Value ETF (NYSEARCA:IVE) as reported in their latest 13F filing with the SEC. The firm has reduced its stake in the ETF by 6.5% during the third quarter of 2024. Following the reduction, Prio Wealth now holds 2,775 shares of the fund's stock, a decrease of 193 shares from the previous quarter. The current valuation of these holdings is approximately $547,000 based on the latest market data.

In addition to Prio Wealth, several other institutional investors have also adjusted their positions in the iShares S&P 500 Value ETF recently. For instance, CGN Advisors LLC increased its stake in the ETF by 3.0% in the second quarter of 2024, bringing its total to 1,860 shares worth $339,000 after acquiring 55 additional shares. Other firms like Capital Square LLC, HighMark Wealth Management LLC, and Jaffetilchin Investment Partners LLC have similarly boosted their holdings in the ETF during the same period, indicating a positive appraisal of this investment option.

Current Performance of iShares S&P 500 Value ETF

The iShares S&P 500 Value ETF is currently trading at around $198.99. The past performance indicators show a 50-day moving average price of $194.90 and a 200-day moving average price of $187.36. Over the last year, the ETF has experienced a low of $147.23 and a high of $201.08, suggesting some volatility in its pricing. As of now, the ETF has a market capitalization of approximately $35.65 billion, a price-to-earnings ratio of 23.79, and a beta value of 0.81, which reflects its lower risk relative to broader market movements.

Understanding iShares S&P 500 Value ETF

The iShares S&P 500 Value ETF, formerly known as the iShares S&P 500 Value Index Fund, is designed to track the performance of the S&P 500 Value Index. This index focuses on large-cap U.S. stocks that are considered to demonstrate the strongest value characteristics. Therefore, investors looking for value opportunities in the stock market may find this ETF appealing.

investment, stocks, ETF