Washington Trust Bank Has $370,000 Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Washington Trust Bank trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.9% during the third quarter, Holdings Channel.com reports. The institutional investor owned 1,875 shares of the company’s stock after selling 76 shares during the quarter. Washington Trust Bank’s holdings in iShares S&P 500 Value ETF were worth $370,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. Advisory Services Network LLC grew its holdings in iShares S&P 500 Value ETF by 51.4% in the first quarter. Advisory Services Network LLC now owns 35,776 shares of the company’s stock worth $6,683,000 after purchasing an additional 12,147 shares during the period. Envestnet Portfolio Solutions Inc. raised its stake in iShares S&P 500 Value ETF by 503.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,377,642 shares of the company’s stock worth $257,357,000 after buying an additional 1,149,497 shares during the period. Stokes Family Office LLC boosted its holdings in iShares S&P 500 Value ETF by 5,961.4% in the first quarter. Stokes Family Office LLC now owns 72,131 shares of the company’s stock worth $13,475,000 after acquiring an additional 70,941 shares in the last quarter. Hilltop National Bank acquired a new stake in iShares S&P 500 Value ETF in the first quarter valued at approximately $1,222,000. Finally, Guardian Asset Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF during the first quarter valued at approximately $530,000.

iShares S&P 500 Value ETF Trading Up 2.5 %

Shares of IVE traded up $4.84 during trading hours on Thursday, reaching $201.19. The stock had a trading volume of 808,940 shares, compared to its average volume of 677,733. The firm has a 50-day simple moving average of $196.26 and a 200 day simple moving average of $188.73. iShares S&P 500 Value ETF has a 12 month low of $155.79 and a 12 month high of $201.49. The company has a market capitalization of $36.04 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.