iShares S&P 500 Value ETF $IVE Shares Sold by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 24.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 24,206 shares of the company’s stock after selling 7,840 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $4,730,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the stock. Envestnet Asset Management Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 38.8% during the first quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock worth $3,553,106,000 after purchasing an additional 5,207,877 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares S&P 500 Value ETF by 5.5% during the 1st quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after buying an additional 922,557 shares during the last quarter. Goldman Sachs Group Inc. increased its position in iShares S&P 500 Value ETF by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock worth $493,603,000 after buying an additional 105,418 shares during the period. Ameriprise Financial Inc. lifted its stake in iShares S&P 500 Value ETF by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock valued at $485,361,000 after buying an additional 90,856 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in iShares S&P 500 Value ETF by 5.3% in the first quarter. PNC Financial Services Group Inc. now owns 2,257,076 shares of the company’s stock valued at $430,153,000 after buying an additional 114,406 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.2%

Shares of IVE opened at $208.32 on Tuesday. The company’s 50 day simple moving average is $202.48 and its 200-day simple moving average is $193.60. The firm has a market cap of $42.09 billion, a PE ratio of 20.70 and a beta of 0.94. iShares S&P 500 Value ETF has a 12-month low of $165.45 and a 12-month high of $209.12.

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.