Summit Financial Wealth Advisors LLC Reduces Stock Holdings in iShares S&P 500 Value ETF $IVE

Summit Financial Wealth Advisors LLC lowered its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 91.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,541 shares of the company’s stock after selling 15,558 shares during the quarter. Summit Financial Wealth Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $301,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Envestnet Asset Management Inc. raised its position in iShares S&P 500 Value ETF by 12.6% in the second quarter. Envestnet Asset Management Inc. now owns 20,983,503 shares of the company’s stock worth $4,100,596,000 after acquiring an additional 2,339,857 shares during the period. JPMorgan Chase & Co. increased its stake in shares of iShares S&P 500 Value ETF by 0.7% in the 2nd quarter. JPMorgan Chase & Co. now owns 17,895,697 shares of the company’s stock worth $3,497,177,000 after purchasing an additional 119,534 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of iShares S&P 500 Value ETF by 19.0% in the 2nd quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock worth $591,818,000 after purchasing an additional 484,782 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in iShares S&P 500 Value ETF by 4.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock worth $493,603,000 after purchasing an additional 105,418 shares during the period. Finally, PNC Financial Services Group Inc. lifted its position in iShares S&P 500 Value ETF by 4.7% during the second quarter. PNC Financial Services Group Inc. now owns 2,362,479 shares of the company’s stock valued at $461,676,000 after purchasing an additional 105,403 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $213.65 on Monday. The stock has a 50-day simple moving average of $208.97 and a two-hundred day simple moving average of $202.32. The firm has a market capitalization of $43.57 billion, a PE ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $214.90.

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.