GSB Wealth Management LLC Trims Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

GSB Wealth Management LLC decreased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,450 shares of the company’s stock after selling 129 shares during the quarter. GSB Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $2,373,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of IVE. Envestnet Asset Management Inc. raised its stake in iShares S&P 500 Value ETF by 3.8% during the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock worth $2,564,620,000 after purchasing an additional 493,784 shares during the period. Bank of America Corp DE grew its stake in shares of iShares S&P 500 Value ETF by 2.5% in the 4th quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock valued at $1,555,395,000 after buying an additional 200,707 shares during the period. Stifel Financial Corp increased its holdings in shares of iShares S&P 500 Value ETF by 3.5% during the 4th quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock worth $491,832,000 after buying an additional 88,096 shares during the last quarter. Ameriprise Financial Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 7.5% during the 4th quarter. Ameriprise Financial Inc. now owns 2,455,376 shares of the company’s stock worth $468,171,000 after buying an additional 171,953 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of iShares S&P 500 Value ETF by 8.5% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after buying an additional 167,028 shares during the period.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $189.82 on Wednesday. The stock has a market capitalization of $38.06 billion, a PE ratio of 20.88 and a beta of 0.89. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $206.63. The business’s 50 day moving average price is $185.89 and its 200 day moving average price is $190.47.

iShares S&P 500 Value ETF Company 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.