iShares S&P 500 Value ETF $IVE Position Cut by Kestra Investment Management LLC

Kestra Investment Management LLC lessened its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,380 shares of the company’s stock after selling 34,613 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 1.2% of Kestra Investment Management LLC’s holdings, making the stock its 25th biggest holding. Kestra Investment Management LLC’s holdings in iShares S&P 500 Value ETF were worth $64,233,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its stake in iShares S&P 500 Value ETF by 2.0% in the first quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock valued at $1,997,009,000 after acquiring an additional 182,358 shares during the period. Park Avenue Securities LLC raised its position in shares of iShares S&P 500 Value ETF by 0.3% during the third quarter. Park Avenue Securities LLC now owns 1,816,354 shares of the company’s stock worth $414,637,000 after purchasing an additional 5,323 shares during the period. Lido Advisors LLC raised its position in shares of iShares S&P 500 Value ETF by 4.4% during the first quarter. Lido Advisors LLC now owns 1,944,079 shares of the company’s stock worth $410,493,000 after purchasing an additional 81,088 shares during the period. Royal Bank of Canada raised its position in shares of iShares S&P 500 Value ETF by 3.6% during the first quarter. Royal Bank of Canada now owns 1,396,602 shares of the company’s stock worth $294,892,000 after purchasing an additional 48,869 shares during the period. Finally, Cassaday & Co Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 3.8% during the 1st quarter. Cassaday & Co Wealth Management LLC now owns 1,197,963 shares of the company’s stock valued at $252,950,000 after purchasing an additional 44,187 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $240.32 on Tuesday. The firm has a market cap of $51.21 billion, a P/E ratio of 22.47 and a beta of 0.82. iShares S&P 500 Value ETF has a twelve month low of $203.15 and a twelve month high of $244.72. The firm’s 50 day moving average price is $234.92 and its two-hundred day moving average price is $226.80.

About iShares S&P 500 Value ETF

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.