iShares S&P 500 Value ETF $IVE Shares Sold by Valmark Advisers Inc.

Valmark Advisers Inc. reduced its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.3% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 295,843 shares of the company’s stock after selling 3,887 shares during the period. iShares S&P 500 Value ETF accounts for approximately 0.8% of Valmark Advisers Inc.’s investment portfolio, making the stock its 27th largest holding. Valmark Advisers Inc.’s holdings in iShares S&P 500 Value ETF were worth $61,095,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. increased its stake in shares of iShares S&P 500 Value ETF by 12.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 20,983,503 shares of the company’s stock worth $4,100,596,000 after purchasing an additional 2,339,857 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in iShares S&P 500 Value ETF by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,895,697 shares of the company’s stock valued at $3,497,177,000 after buying an additional 119,534 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in iShares S&P 500 Value ETF by 19.0% during the 2nd quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock valued at $591,818,000 after buying an additional 484,782 shares during the last quarter. PNC Financial Services Group Inc. increased its position in iShares S&P 500 Value ETF by 4.7% during the second quarter. PNC Financial Services Group Inc. now owns 2,362,479 shares of the company’s stock worth $461,676,000 after buying an additional 105,403 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in iShares S&P 500 Value ETF by 7.8% during the second quarter. Cetera Investment Advisers now owns 2,112,895 shares of the company’s stock worth $412,902,000 after buying an additional 152,851 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.6%

NYSEARCA IVE opened at $217.40 on Friday. iShares S&P 500 Value ETF has a fifty-two week low of $165.45 and a fifty-two week high of $217.69. The business has a fifty day moving average of $211.31 and a 200-day moving average of $205.33. The stock has a market cap of $49.21 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89.

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.