Farmers & Merchants Investments Inc. Trims Stock Holdings in iShares S&P 500 Value ETF $IVE

Farmers & Merchants Investments Inc. decreased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 32.9% during the second quarter, HoldingsChannel reports. The fund owned 4,779 shares of the company’s stock after selling 2,340 shares during the quarter. Farmers & Merchants Investments Inc.’s holdings in iShares S&P 500 Value ETF were worth $1,085,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in IVE. JPMorgan Chase & Co. grew its position 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 purchasing an additional 821,872 shares in the last quarter. Morgan Stanley boosted its stake in iShares S&P 500 Value ETF by 7.5% in the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after purchasing an additional 1,068,945 shares during the period. Bank of America Corp DE boosted its stake in iShares S&P 500 Value ETF by 2.0% in the 1st quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock worth $1,997,009,000 after purchasing an additional 182,358 shares during the period. Wells Fargo & Company MN grew its holdings 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 valued at $1,328,436,000 after buying an additional 120,153 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of iShares S&P 500 Value ETF by 22.5% during the fourth quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock valued at $723,154,000 after buying an additional 627,109 shares during the period.

iShares S&P 500 Value ETF Trading Up 0.1%

Shares of iShares S&P 500 Value ETF stock opened at $236.60 on Thursday. iShares S&P 500 Value ETF has a 12-month low of $200.52 and a 12-month high of $236.97. The company has a market cap of $50.01 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The company’s 50-day moving average price is $230.07 and its 200-day moving average price is $222.99.

iShares S&P 500 Value ETF 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.