1834 Investment Advisors Co. Trims Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

1834 Investment Advisors Co. lowered its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.6% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 192,384 shares of the company’s stock after selling 11,513 shares during the period. iShares S&P 500 Value ETF comprises approximately 4.4% of 1834 Investment Advisors Co.’s investment portfolio, making the stock its 3rd largest position. 1834 Investment Advisors Co.’s holdings in iShares S&P 500 Value ETF were worth $37,932,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of IVE. JPMorgan Chase & Co. grew its holdings in shares of iShares S&P 500 Value ETF by 5.1% in the first 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 during 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 boosted its stake in shares of iShares S&P 500 Value ETF by 4.9% during the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after purchasing an additional 200,427 shares in the last quarter. US Bancorp DE increased its position in shares of iShares S&P 500 Value ETF by 9.9% during the first quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock valued at $287,516,000 after buying an additional 139,258 shares during the period. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 3.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock worth $259,313,000 after acquiring an additional 47,074 shares during the period.

iShares S&P 500 Value ETF Stock Up 1.0 %

NYSEARCA:IVE opened at $196.37 on Wednesday. The stock has a market cap of $35.18 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The company’s 50 day moving average price is $196.11 and its 200-day moving average price is $188.64. iShares S&P 500 Value ETF has a 52 week low of $155.79 and a 52 week high of $201.08.

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.