Town Capital LLC cut its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 76.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,901 shares of the company’s stock after selling 9,433 shares during the period. Town Capital LLC’s holdings in iShares S&P 500 Value ETF were worth $613,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. boosted its position in shares of iShares S&P 500 Value ETF by 4.6% during the 4th 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 during the period. Morgan Stanley lifted its stake 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. Bank of America Corp DE boosted its position in shares of iShares S&P 500 Value ETF by 2.0% during the first quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock worth $1,997,009,000 after buying an additional 182,358 shares during the period. Wells Fargo & Company MN boosted its position in shares of iShares S&P 500 Value ETF by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after buying an additional 120,153 shares during the period. Finally, Cetera Investment Advisers grew its stake in shares of iShares S&P 500 Value ETF by 22.5% in the fourth quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock valued at $723,154,000 after buying an additional 627,109 shares in the last quarter.
iShares S&P 500 Value ETF Stock Performance
IVE opened at $231.71 on Monday. The stock’s 50-day moving average price is $228.83 and its 200 day moving average price is $221.94. iShares S&P 500 Value ETF has a 12-month low of $193.90 and a 12-month high of $234.91. The firm has a market cap of $48.97 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82.
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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