Truepoint Inc. Reduces Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Truepoint Inc. lessened its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.9% during the second quarter, Holdings Channel reports. The institutional investor owned 19,129 shares of the company’s stock after selling 1,199 shares during the quarter. Truepoint Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in IVE. Fisher Asset Management LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at $339,000. Merit Financial Group LLC raised its stake in shares of iShares S&P 500 Value ETF by 12.0% during the 4th quarter. Merit Financial Group LLC now owns 2,176 shares of the company’s stock valued at $378,000 after purchasing an additional 234 shares during the period. Concourse Financial Group Securities Inc. raised its stake in shares of iShares S&P 500 Value ETF by 4.6% during the 4th quarter. Concourse Financial Group Securities Inc. now owns 15,742 shares of the company’s stock valued at $2,737,000 after purchasing an additional 695 shares during the period. Iams Wealth Management LLC raised its stake in shares of iShares S&P 500 Value ETF by 14.1% during the 4th quarter. Iams Wealth Management LLC now owns 6,894 shares of the company’s stock valued at $1,199,000 after purchasing an additional 853 shares during the period. Finally, Watershed Private Wealth LLC raised its stake in shares of iShares S&P 500 Value ETF by 3.4% during the 4th quarter. Watershed Private Wealth LLC now owns 39,034 shares of the company’s stock valued at $6,787,000 after purchasing an additional 1,279 shares during the period.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $192.92 on Friday. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $196.36. The firm has a market cap of $34.56 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The business’s fifty day moving average is $188.04 and its 200 day moving average is $184.10.

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.