CFS Investment Advisory Services LLC Decreases Stake in iShares S&P 500 Value ETF $IVE

CFS Investment Advisory Services LLC trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 16.0% during the first quarter, Holdings Channel reports. The fund owned 34,708 shares of the company’s stock after selling 6,600 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in iShares S&P 500 Value ETF were worth $7,667,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Cassaday & Co Wealth Management LLC increased its holdings in iShares S&P 500 Value ETF by 3,286.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after purchasing an additional 1,119,709 shares during the last quarter. Morgan Stanley raised its position 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 in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of iShares S&P 500 Value ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after buying an additional 821,872 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its stake in shares of iShares S&P 500 Value ETF by 47.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock valued at $538,709,000 after buying an additional 816,767 shares during the last quarter. Finally, Park Avenue Securities LLC grew its position in shares of iShares S&P 500 Value ETF by 40.4% during the fourth quarter. Park Avenue Securities LLC now owns 2,467,550 shares of the company’s stock worth $523,293,000 after buying an additional 710,518 shares in the last quarter.

iShares S&P 500 Value ETF Trading Down 0.8%

IVE stock opened at $228.90 on Thursday. The firm has a 50 day simple moving average of $226.50 and a 200-day simple moving average of $219.91. The company has a market capitalization of $48.26 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a twelve month low of $193.90 and a twelve month high of $232.28.

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.