RFG Advisory LLC Reduces Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

RFG Advisory LLC cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 14.4% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,178 shares of the company’s stock after selling 4,408 shares during the quarter. RFG Advisory LLC’s holdings in iShares S&P 500 Value ETF were worth $5,162,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its holdings in iShares S&P 500 Value ETF by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after purchasing an additional 861,704 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares S&P 500 Value ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after purchasing an additional 420,007 shares in the last quarter. LPL Financial LLC raised its holdings in iShares S&P 500 Value ETF by 4.9% in the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock worth $775,111,000 after purchasing an additional 200,427 shares in the last quarter. US Bancorp DE raised its holdings in iShares S&P 500 Value ETF by 9.9% in the 1st quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock worth $287,516,000 after purchasing an additional 139,258 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its holdings in iShares S&P 500 Value ETF by 3.4% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock worth $259,313,000 after purchasing an additional 47,074 shares in the last quarter.

iShares S&P 500 Value ETF Trading Down 0.2 %

Shares of NYSEARCA IVE opened at $200.41 on Friday. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $201.08. The firm has a market capitalization of $35.90 billion, a PE ratio of 23.79 and a beta of 0.81. The firm has a fifty day simple moving average of $194.33 and a two-hundred day simple moving average of $187.10.

iShares S&P 500 Value ETF Profile

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.