Principal Financial Group Inc. Sells 5,542 Shares of iShares S&P 500 Value ETF $IVE

Principal Financial Group Inc. cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 25.4% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 16,251 shares of the company’s stock after selling 5,542 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,431,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of the business. Simplex Trading LLC purchased a new position in iShares S&P 500 Value ETF in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new position in iShares S&P 500 Value ETF during the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at about $26,000. United Services Automobile Association purchased a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at about $26,000. Finally, Palisade Asset Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth approximately $29,000.

iShares S&P 500 Value ETF Stock Down 0.9%

Shares of IVE stock opened at $232.36 on Thursday. The company has a 50 day moving average price of $228.64 and a 200-day moving average price of $221.73. iShares S&P 500 Value ETF has a 52 week low of $193.90 and a 52 week high of $234.91. The firm has a market capitalization of $49.12 billion, a PE 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.