iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Custom Index Systems LLC

Custom Index Systems LLC lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 33.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 11,682 shares of the company’s stock after selling 5,861 shares during the period. iShares S&P 500 Value ETF comprises 1.2% of Custom Index Systems LLC’s portfolio, making the stock its 14th largest holding. Custom Index Systems LLC’s holdings in iShares S&P 500 Value ETF were worth $2,303,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in IVE. International Assets Investment Management LLC boosted its position in shares of iShares S&P 500 Value ETF by 18,046.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock valued at $262,938,000 after purchasing an additional 1,326,211 shares during the period. Cetera Investment Advisers lifted its stake in iShares S&P 500 Value ETF by 905.6% in the first quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock valued at $263,498,000 after buying an additional 1,270,256 shares during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 503.8% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,377,642 shares of the company’s stock valued at $257,357,000 after acquiring an additional 1,149,497 shares during the period. JPMorgan Chase & Co. grew its position in shares of iShares S&P 500 Value ETF by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after acquiring an additional 861,704 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its holdings in shares of iShares S&P 500 Value ETF by 314.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 626,981 shares of the company’s stock valued at $117,126,000 after acquiring an additional 475,860 shares during the period.

iShares S&P 500 Value ETF Trading Down 0.7 %

IVE stock traded down $1.47 on Friday, hitting $196.32. The company’s stock had a trading volume of 966,985 shares, compared to its average volume of 682,731. The stock has a market cap of $35.17 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The firm has a 50 day moving average of $195.65 and a two-hundred day moving average of $187.73. iShares S&P 500 Value ETF has a 1 year low of $147.23 and a 1 year high of $201.08.

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.