Lutz Financial Services LLC Sells 5,632 Shares of iShares S&P 500 Value ETF $IVE

Lutz Financial Services LLC lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 110,658 shares of the company’s stock after selling 5,632 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 1.7% of Lutz Financial Services LLC’s holdings, making the stock its 15th largest holding. Lutz Financial Services LLC’s holdings in iShares S&P 500 Value ETF were worth $21,625,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in 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 acquiring an additional 5,207,877 shares during the period. JPMorgan Chase & Co. increased its position in iShares S&P 500 Value ETF by 5.5% during the first quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after acquiring an additional 922,557 shares during the period. 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 acquiring an additional 105,418 shares during the period. Ameriprise Financial Inc. increased its position in iShares S&P 500 Value ETF by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock worth $485,361,000 after acquiring an additional 90,856 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in iShares S&P 500 Value ETF by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,257,076 shares of the company’s stock worth $430,153,000 after acquiring an additional 114,406 shares during the period.

iShares S&P 500 Value ETF Trading Up 0.7%

Shares of IVE stock opened at $206.01 on Friday. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $209.12. The firm’s fifty day simple moving average is $204.05 and its 200 day simple moving average is $194.49. The firm has a market capitalization of $41.63 billion, a P/E ratio of 20.70 and a beta of 0.94.

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.