PNC Financial Services Group Inc. Lowers Stock Position in iShares S&P 500 Value ETF $IVE

PNC Financial Services Group Inc. reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 2,343,536 shares of the company’s stock after selling 24,225 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $496,994,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Envestnet Asset Management Inc. lifted its stake in iShares S&P 500 Value ETF by 5.4% during the third quarter. Envestnet Asset Management Inc. now owns 22,121,389 shares of the company’s stock worth $4,568,288,000 after purchasing an additional 1,137,886 shares during the last quarter. Bank of America Corp DE increased its position in shares of iShares S&P 500 Value ETF by 0.9% during the 3rd quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock valued at $1,734,056,000 after purchasing an additional 72,040 shares during the last quarter. UBS Group AG raised its holdings in shares of iShares S&P 500 Value ETF by 1.0% during the 3rd quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock valued at $744,423,000 after buying an additional 37,372 shares in the last quarter. Ameriprise Financial Inc. lifted its position in iShares S&P 500 Value ETF by 19.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock worth $591,818,000 after buying an additional 484,782 shares during the last quarter. Finally, CWM LLC lifted its position in iShares S&P 500 Value ETF by 37.5% in the 4th quarter. CWM LLC now owns 2,579,248 shares of the company’s stock worth $546,981,000 after buying an additional 702,987 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $224.46 on Wednesday. iShares S&P 500 Value ETF has a fifty-two week low of $185.34 and a fifty-two week high of $225.90. The firm has a market cap of $49.56 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. The firm has a 50 day moving average price of $216.97 and a 200-day moving average price of $215.45.

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.