iShares S&P 500 Value ETF $IVE Shares Sold by Security Financial Services INC.

Security Financial Services INC. cut its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 7.0% in the 1st quarter, Holdings Channel reports. The firm owned 133,708 shares of the company’s stock after selling 10,033 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 4.5% of Security Financial Services INC.’s holdings, making the stock its 3rd biggest position. Security Financial Services INC.’s holdings in iShares S&P 500 Value ETF were worth $28,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Cassaday & Co Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 3,286.8% in the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after purchasing an additional 1,119,709 shares during the last quarter. Morgan Stanley grew 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 worth $3,240,188,000 after buying an additional 1,068,945 shares during the last quarter. JPMorgan Chase & Co. grew its stake in iShares S&P 500 Value ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after buying an additional 821,872 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in iShares S&P 500 Value ETF by 47.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after buying an additional 816,767 shares during the last quarter. Finally, CWM LLC increased its position in iShares S&P 500 Value ETF by 37.5% in the fourth 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 period.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $231.71 on Friday. The stock has a market capitalization of $48.98 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1 year low of $193.90 and a 1 year high of $234.91. The stock’s fifty day moving average is $228.83 and its two-hundred day moving average is $221.90.

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.