Bank Pictet & Cie Europe AG Sells 7,594 Shares of iShares S&P 500 Value ETF $IVE

Bank Pictet & Cie Europe AG trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 12.1% in the third quarter, HoldingsChannel reports. The firm owned 55,353 shares of the company’s stock after selling 7,594 shares during the period. Bank Pictet & Cie Europe AG’s holdings in iShares S&P 500 Value ETF were worth $12,636,000 at the end of the most recent reporting period.

Several other institutional investors have also recently bought and sold shares of IVE. HEMMING& Wealth Management Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 3.1% during the third quarter. HEMMING& Wealth Management Inc. now owns 55,166 shares of the company’s stock worth $12,593,000 after purchasing an additional 1,670 shares during the last quarter. Stewardship Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 8.5% in the third quarter. Stewardship Advisors LLC now owns 2,231 shares of the company’s stock valued at $509,000 after buying an additional 175 shares in the last quarter. Net Worth Advisory Group raised its holdings in shares of iShares S&P 500 Value ETF by 3.4% in the third quarter. Net Worth Advisory Group now owns 5,168 shares of the company’s stock valued at $1,181,000 after buying an additional 171 shares during the last quarter. Parkway Wealth Management Group LLC raised its holdings in shares of iShares S&P 500 Value ETF by 41.6% in the third quarter. Parkway Wealth Management Group LLC now owns 6,307 shares of the company’s stock valued at $1,440,000 after buying an additional 1,852 shares during the last quarter. Finally, CWA Asset Management Group LLC raised its holdings in shares of iShares S&P 500 Value ETF by 4.5% in the third quarter. CWA Asset Management Group LLC now owns 1,229 shares of the company’s stock valued at $280,000 after buying an additional 53 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 0.7%

NYSEARCA:IVE traded up $1.62 during mid-day trading on Tuesday, reaching $236.78. 511,506 shares of the company were exchanged, compared to its average volume of 932,826. iShares S&P 500 Value ETF has a 12 month low of $203.15 and a 12 month high of $239.93. The company has a fifty day moving average of $234.39 and a 200 day moving average of $228.93. The stock has a market cap of $50.10 billion, a PE ratio of 20.70 and a beta of 0.83.

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.