Processus Wealth & Capital Management LLC Sells 2,309 Shares of iShares S&P 500 Value ETF $IVE

Processus Wealth & Capital Management LLC lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 51.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,164 shares of the company’s stock after selling 2,309 shares during the period. Processus Wealth & Capital Management LLC’s holdings in iShares S&P 500 Value ETF were worth $447,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Envestnet Asset Management Inc. boosted its position in iShares S&P 500 Value ETF by 12.6% during the second quarter. Envestnet Asset Management Inc. now owns 20,983,503 shares of the company’s stock valued at $4,100,596,000 after purchasing an additional 2,339,857 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of iShares S&P 500 Value ETF by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 17,895,697 shares of the company’s stock valued at $3,497,177,000 after buying an additional 119,534 shares during the last quarter. Ameriprise Financial Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 19.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock valued at $591,818,000 after buying an additional 484,782 shares in the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 4.7% in the 2nd quarter. PNC Financial Services Group Inc. now owns 2,362,479 shares of the company’s stock valued at $461,676,000 after buying an additional 105,403 shares in the last quarter. Finally, Cetera Investment Advisers grew its position in shares of iShares S&P 500 Value ETF by 7.8% in the 2nd quarter. Cetera Investment Advisers now owns 2,112,895 shares of the company’s stock worth $412,902,000 after buying an additional 152,851 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 0.8%

NYSEARCA IVE opened at $219.04 on Tuesday. iShares S&P 500 Value ETF has a 52 week low of $165.45 and a 52 week high of $219.22. The company has a 50 day moving average price of $214.16 and a 200 day moving average price of $207.75. The firm has a market cap of $49.55 billion, a PE ratio of 20.70 and a beta of 0.89.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.