SteelPeak Wealth LLC Cuts Position in iShares S&P 500 Value ETF $IVE

SteelPeak Wealth LLC trimmed its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 165,861 shares of the company’s stock after selling 39,153 shares during the period. iShares S&P 500 Value ETF makes up about 1.1% of SteelPeak Wealth LLC’s holdings, making the stock its 17th largest holding. SteelPeak Wealth LLC owned about 0.08% of iShares S&P 500 Value ETF worth $35,022,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. JPMorgan Chase & Co. grew its stake in shares of iShares S&P 500 Value ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after buying an additional 821,872 shares in the last quarter. Morgan Stanley lifted 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 acquiring an additional 1,068,945 shares in the last quarter. Wells Fargo & Company MN lifted its stake in iShares S&P 500 Value ETF by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after acquiring an additional 120,153 shares in the last quarter. Cetera Investment Advisers boosted its holdings in iShares S&P 500 Value ETF by 22.5% during the 4th quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock valued at $723,154,000 after acquiring an additional 627,109 shares during the period. Finally, Stifel Financial Corp boosted its holdings in iShares S&P 500 Value ETF by 7.6% during the 4th quarter. Stifel Financial Corp now owns 3,250,570 shares of the company’s stock valued at $689,349,000 after acquiring an additional 230,880 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $232.35 on Friday. The company has a market cap of $49.10 billion, a P/E ratio of 20.70 and a beta of 0.82. The stock has a 50-day moving average of $227.44 and a two-hundred day moving average of $220.63. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $232.42.

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.