BIP Wealth LLC Sells 495 Shares of iShares S&P 500 Value ETF $IVE

BIP Wealth LLC lowered its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.1% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,103 shares of the company’s stock after selling 495 shares during the quarter. BIP Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $411,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of IVE. Envestnet Asset Management Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 38.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock valued at $3,553,106,000 after buying an additional 5,207,877 shares during the period. JPMorgan Chase & Co. lifted its holdings in iShares S&P 500 Value ETF by 5.5% during the first quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after acquiring an additional 922,557 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in iShares S&P 500 Value ETF by 4.2% in the first quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock valued at $493,603,000 after acquiring an additional 105,418 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 3.7% in the first quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock worth $485,361,000 after acquiring an additional 90,856 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of iShares S&P 500 Value ETF by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,257,076 shares of the company’s stock worth $430,153,000 after purchasing an additional 114,406 shares during the period.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $209.86 on Friday. The stock has a 50 day simple moving average of $204.84 and a 200 day simple moving average of $195.77. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $210.37. The firm has a market capitalization of $42.59 billion, a PE ratio of 20.70 and a beta of 0.94.

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.