Northwestern Mutual Wealth Management Co. decreased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 1.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 270,849 shares of the company’s stock after selling 4,732 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.13% of iShares S&P 500 Value ETF worth $61,499,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its stake in shares of iShares S&P 500 Value ETF by 4.6% in 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 during the period. Morgan Stanley boosted its stake in iShares S&P 500 Value ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after purchasing an additional 1,068,945 shares during the period. Bank of America Corp DE grew its holdings in iShares S&P 500 Value ETF by 2.0% in the 1st quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock valued at $1,997,009,000 after buying an additional 182,358 shares during the last quarter. Wells Fargo & Company MN grew its holdings in iShares S&P 500 Value ETF by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock valued at $1,328,436,000 after buying an additional 120,153 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in iShares S&P 500 Value ETF by 22.5% in the 4th quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock worth $723,154,000 after buying an additional 627,109 shares during the period.
iShares S&P 500 Value ETF Stock Down 0.3%
Shares of IVE stock opened at $235.80 on Wednesday. iShares S&P 500 Value ETF has a 12 month low of $201.22 and a 12 month high of $239.93. The firm has a market cap of $49.84 billion, a PE ratio of 20.70 and a beta of 0.82. The stock has a 50 day moving average of $232.92 and a 200-day moving average of $224.79.
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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