Valmark Advisers Inc. decreased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 0.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 283,312 shares of the company’s stock after selling 2,340 shares during the period. Valmark Advisers Inc.’s holdings in iShares S&P 500 Value ETF were worth $59,821,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in IVE. Cassaday & Co Wealth Management LLC lifted its stake in shares of iShares S&P 500 Value ETF by 3,286.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after acquiring an additional 1,119,709 shares during the period. Morgan Stanley raised its holdings in iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after purchasing an additional 1,068,945 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in iShares S&P 500 Value ETF by 4.6% during the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after purchasing an additional 821,872 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in iShares S&P 500 Value ETF by 47.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after purchasing an additional 816,767 shares during the period. Finally, Park Avenue Securities LLC lifted its position in iShares S&P 500 Value ETF by 40.4% in the fourth quarter. Park Avenue Securities LLC now owns 2,467,550 shares of the company’s stock worth $523,293,000 after purchasing an additional 710,518 shares during the period.
iShares S&P 500 Value ETF Stock Up 0.3%
NYSEARCA IVE traded up $0.58 on Friday, reaching $230.49. 392,038 shares of the stock traded hands, compared to its average volume of 1,112,593. iShares S&P 500 Value ETF has a 12 month low of $193.90 and a 12 month high of $232.28. The company has a market cap of $48.63 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The firm’s fifty day simple moving average is $226.88 and its 200 day simple moving average is $220.11.
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.
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