iShares S&P 500 Value ETF $IVE Shares Sold by Pettinga Financial Advisors LLC

Pettinga Financial Advisors LLC decreased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 18.4% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 121,132 shares of the company’s stock after selling 27,378 shares during the quarter. iShares S&P 500 Value ETF makes up approximately 4.4% of Pettinga Financial Advisors LLC’s holdings, making the stock its 5th largest holding. Pettinga Financial Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $27,504,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. JPMorgan Chase & Co. grew its stake in shares of 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 worth $3,975,941,000 after purchasing an additional 821,872 shares during the period. Morgan Stanley lifted its stake in iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after buying an additional 1,068,945 shares during the period. Bank of America Corp DE lifted its stake in iShares S&P 500 Value ETF by 2.0% in the first quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock valued at $1,997,009,000 after buying an additional 182,358 shares during the period. Wells Fargo & Company MN boosted its holdings 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, Cetera Investment Advisers boosted its holdings in 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 worth $723,154,000 after buying an additional 627,109 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock opened at $235.78 on Monday. The firm has a market capitalization of $49.83 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1 year low of $197.66 and a 1 year high of $236.39. The business has a 50-day moving average of $229.51 and a 200-day moving average of $222.56.

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.