iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Narwhal Capital Management

Narwhal Capital Management reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.2% during the 2nd quarter, HoldingsChannel reports. The firm owned 90,402 shares of the company’s stock after selling 178 shares during the quarter. iShares S&P 500 Value ETF comprises 1.6% of Narwhal Capital Management’s investment portfolio, making the stock its 13th biggest position. Narwhal Capital Management’s holdings in iShares S&P 500 Value ETF were worth $16,454,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Palisade Asset Management LLC acquired a new position in shares of iShares S&P 500 Value ETF during the 1st quarter worth approximately $26,000. CarsonAllaria Wealth Management Ltd. grew its position in iShares S&P 500 Value ETF by 289.5% in the first quarter. CarsonAllaria Wealth Management Ltd. now owns 148 shares of the company’s stock worth $28,000 after acquiring an additional 110 shares during the period. Vima LLC purchased a new position in iShares S&P 500 Value ETF in the fourth quarter worth approximately $27,000. Northwest Investment Counselors LLC purchased a new position in iShares S&P 500 Value ETF in the first quarter worth approximately $29,000. Finally, Fortis Group Advisors LLC grew its position in iShares S&P 500 Value ETF by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 200 shares of the company’s stock worth $35,000 after acquiring an additional 100 shares during the period.

iShares S&P 500 Value ETF Stock Performance

Shares of iShares S&P 500 Value ETF stock opened at $191.23 on Friday. The firm has a market capitalization of $34.26 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $196.36. The stock has a 50 day moving average of $188.23 and a 200 day moving average of $184.20.

iShares S&P 500 Value ETF Company 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.