iShares S&P 500 Value ETF (NYSEARCA:IVE) is MV Capital Management Inc.’s 9th Largest Position

MV Capital Management Inc. trimmed its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 115,408 shares of the company’s stock after selling 4,190 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 2.4% of MV Capital Management Inc.’s portfolio, making the stock its 9th largest holding. MV Capital Management Inc. owned about 0.06% of iShares S&P 500 Value ETF worth $22,029,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of IVE. Stifel Financial Corp boosted its position in iShares S&P 500 Value ETF by 2.5% during the 3rd quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock worth $490,670,000 after purchasing an additional 60,868 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock worth $408,993,000 after purchasing an additional 167,028 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter worth about $311,273,000. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares S&P 500 Value ETF by 3.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 1,527,973 shares of the company’s stock valued at $291,659,000 after buying an additional 49,640 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its stake in shares of iShares S&P 500 Value ETF by 8.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 999,059 shares of the company’s stock valued at $190,700,000 after buying an additional 73,706 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock opened at $188.79 on Friday. The firm has a market capitalization of $36.76 billion, a PE ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a one year low of $176.09 and a one year high of $206.63. The stock’s 50 day moving average price is $194.16 and its 200 day moving average price is $195.95.

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.