Comerica Bank Sells 10,169 Shares of iShares S&P 500 Value ETF $IVE

Comerica Bank lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.7% in the third quarter, Holdings Channel reports. The firm owned 360,866 shares of the company’s stock after selling 10,169 shares during the quarter. Comerica Bank’s holdings in iShares S&P 500 Value ETF were worth $74,522,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. United Services Automobile Association acquired a new stake in iShares S&P 500 Value ETF during the second quarter worth about $26,000. Center for Financial Planning Inc. acquired a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at approximately $32,000. Tripletail Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at approximately $37,000. Rossmore Private Capital bought a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth approximately $44,000. Finally, Cloud Capital Management LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter worth approximately $45,000.

iShares S&P 500 Value ETF Trading Down 0.1%

NYSEARCA IVE opened at $211.71 on Friday. The firm has a market capitalization of $47.83 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The firm’s 50 day simple moving average is $218.23 and its 200 day simple moving average is $211.64. iShares S&P 500 Value ETF has a 1 year low of $165.45 and a 1 year high of $223.05.

iShares S&P 500 Value ETF Company 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.