Blue Trust Inc. Has $20.64 Million Stock Position in iShares S&P 500 Value ETF $IVE

Blue Trust Inc. reduced its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 10.9% in the 1st quarter, Holdings Channel reports. The fund owned 97,730 shares of the company’s stock after selling 11,911 shares during the period. Blue Trust Inc.’s holdings in iShares S&P 500 Value ETF were worth $20,636,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of IVE. JPMorgan Chase & Co. grew its position in iShares S&P 500 Value ETF by 4.6% during 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 lifted its stake in shares of 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 valued at $3,240,188,000 after purchasing an additional 1,068,945 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of iShares S&P 500 Value ETF by 0.9% in the 3rd quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock valued at $1,734,056,000 after purchasing an additional 72,040 shares during the last quarter. Wells Fargo & Company MN increased its position in iShares S&P 500 Value ETF by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after buying an additional 120,153 shares during the last quarter. Finally, UBS Group AG increased its position in iShares S&P 500 Value ETF by 1.0% during the third quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock worth $744,423,000 after buying an additional 37,372 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $226.29 on Thursday. iShares S&P 500 Value ETF has a fifty-two week low of $192.17 and a fifty-two week high of $230.05. The stock’s 50-day moving average is $224.74 and its two-hundred day moving average is $218.76. The firm has a market cap of $49.96 billion, a P/E ratio of 20.70 and a beta of 0.82.

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.