Essex Savings Bank Sells 204 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Essex Savings Bank trimmed its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.6% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 4,189 shares of the company’s stock after selling 204 shares during the quarter. Essex Savings Bank’s holdings in iShares S&P 500 Value ETF were worth $800,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in 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 worth $262,938,000 after buying an additional 1,326,211 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at about $82,555,000. USA Financial Formulas bought a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth approximately $77,191,000. The Manufacturers Life Insurance Company lifted its position in iShares S&P 500 Value ETF by 43.2% during the second quarter. The Manufacturers Life Insurance Company now owns 918,220 shares of the company’s stock valued at $167,125,000 after purchasing an additional 277,110 shares during the period. Finally, PNC Financial Services Group Inc. grew its position in iShares S&P 500 Value ETF by 7.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock worth $389,537,000 after purchasing an additional 139,651 shares during the period.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $192.70 on Thursday. iShares S&P 500 Value ETF has a 1 year low of $170.13 and a 1 year high of $206.63. The stock’s fifty day moving average price is $197.41 and its 200-day moving average price is $193.90. The company has a market cap of $34.52 billion, a P/E 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.