Envestnet Portfolio Solutions Inc. Sells 420,146 Shares of iShares S&P 500 Value ETF $IVE

Envestnet Portfolio Solutions Inc. lowered its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.6% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 1,728,446 shares of the company’s stock after selling 420,146 shares during the period. iShares S&P 500 Value ETF makes up about 1.7% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 14th biggest position. Envestnet Portfolio Solutions Inc.’s holdings in iShares S&P 500 Value ETF were worth $392,461,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Blue Edge Capital LLC increased its position in iShares S&P 500 Value ETF by 0.8% during the 2nd quarter. Blue Edge Capital LLC now owns 76,736 shares of the company’s stock valued at $17,424,000 after purchasing an additional 626 shares during the period. Sequoia Financial Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 1.5% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 24,950 shares of the company’s stock worth $5,665,000 after purchasing an additional 375 shares during the period. IPG Investment Advisors LLC lifted its position in shares of iShares S&P 500 Value ETF by 15.7% in the 2nd quarter. IPG Investment Advisors LLC now owns 5,896 shares of the company’s stock worth $1,339,000 after purchasing an additional 802 shares during the period. MCF Advisors LLC boosted its stake in shares of iShares S&P 500 Value ETF by 8.5% during the second quarter. MCF Advisors LLC now owns 2,836 shares of the company’s stock valued at $644,000 after purchasing an additional 221 shares in the last quarter. Finally, Bienville Capital Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at approximately $229,000.

iShares S&P 500 Value ETF Stock Down 0.5%

IVE stock traded down $1.19 during trading on Wednesday, hitting $231.92. 790,511 shares of the company’s stock traded hands, compared to its average volume of 964,225. The firm has a market capitalization of $49.25 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1 year low of $202.45 and a 1 year high of $239.93. The business has a fifty day simple moving average of $234.61 and a two-hundred day simple moving average of $226.24.

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.