PNC Financial Services Group Inc. Cuts Position in iShares S&P 500 Value ETF $IVE

PNC Financial Services Group Inc. lessened its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.1% during the first quarter, Holdings Channel reports. The fund owned 2,271,013 shares of the company’s stock after selling 72,523 shares during the period. PNC Financial Services Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $479,524,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in IVE. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in shares of iShares S&P 500 Value ETF by 96.6% during the fourth quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 223,947 shares of the company’s stock worth $47,492,000 after acquiring an additional 110,058 shares in the last quarter. FLP Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 1,182.9% in the 4th quarter. FLP Wealth Management LLC now owns 23,964 shares of the company’s stock worth $5,082,000 after acquiring an additional 22,096 shares during the last quarter. Centurion Wealth Management LLC boosted its stake in shares of iShares S&P 500 Value ETF by 24.7% in the 4th quarter. Centurion Wealth Management LLC now owns 24,643 shares of the company’s stock valued at $5,226,000 after purchasing an additional 4,876 shares in the last quarter. Cassilly Financial Group LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $2,294,000. Finally, Tudor Investment Corp ET AL bought a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at $3,049,000.

iShares S&P 500 Value ETF Stock Up 0.4%

Shares of NYSEARCA:IVE opened at $230.56 on Wednesday. The stock has a market cap of $48.75 billion, a PE ratio of 20.70 and a beta of 0.82. The company’s fifty day moving average is $227.79 and its 200 day moving average is $221.00. iShares S&P 500 Value ETF has a 52 week low of $193.90 and a 52 week high of $233.57.

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.