Tortoise Investment Management LLC Sells 1,115 Shares of iShares S&P 500 Value ETF $IVE

Tortoise Investment Management LLC reduced its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 30,514 shares of the company’s stock after selling 1,115 shares during the period. Tortoise Investment Management LLC’s holdings in iShares S&P 500 Value ETF were worth $5,963,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its position in shares of iShares S&P 500 Value ETF by 0.8% during the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after purchasing an additional 112 shares in the last quarter. Verdence Capital Advisors LLC purchased a new position in iShares S&P 500 Value ETF during the 1st quarter worth $206,000. Csenge Advisory Group increased its position in iShares S&P 500 Value ETF by 14.8% during the 1st quarter. Csenge Advisory Group now owns 54,090 shares of the company’s stock valued at $9,594,000 after buying an additional 6,990 shares in the last quarter. Resurgent Financial Advisors LLC raised its stake in iShares S&P 500 Value ETF by 38.7% in the first quarter. Resurgent Financial Advisors LLC now owns 5,404 shares of the company’s stock valued at $1,030,000 after buying an additional 1,509 shares during the last quarter. Finally, Kestra Private Wealth Services LLC boosted its holdings in iShares S&P 500 Value ETF by 39.7% in the first quarter. Kestra Private Wealth Services LLC now owns 82,684 shares of the company’s stock worth $15,758,000 after acquiring an additional 23,509 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $209.61 on Friday. iShares S&P 500 Value ETF has a fifty-two week low of $165.45 and a fifty-two week high of $212.54. The firm has a market capitalization of $42.75 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89. The stock’s 50-day simple moving average is $206.79 and its 200-day simple moving average is $199.04.

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.