First Hawaiian Bank Has $23.87 Million Stake in iShares S&P 500 Value ETF $IVE

First Hawaiian Bank lessened its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.4% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 115,570 shares of the company’s stock after selling 5,320 shares during the quarter. iShares S&P 500 Value ETF makes up 3.1% of First Hawaiian Bank’s portfolio, making the stock its 5th biggest position. First Hawaiian Bank’s holdings in iShares S&P 500 Value ETF were worth $23,866,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. United Services Automobile Association acquired a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at approximately $26,000. Harbor Asset Planning Inc. bought a new position in iShares S&P 500 Value ETF in the second quarter valued at approximately $30,000. Flaharty Asset Management LLC bought a new position in iShares S&P 500 Value ETF in the first quarter valued at approximately $33,000. Ryan Investment Management Inc. acquired a new position in shares of iShares S&P 500 Value ETF in the second quarter valued at approximately $36,000. Finally, Atwood & Palmer Inc. acquired a new position in shares of iShares S&P 500 Value ETF in the second quarter valued at approximately $38,000.

iShares S&P 500 Value ETF Stock Up 0.0%

Shares of NYSEARCA:IVE opened at $213.67 on Tuesday. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $214.90. The company’s fifty day simple moving average is $209.08 and its 200 day simple moving average is $202.49. The firm has a market cap of $43.58 billion, a price-to-earnings ratio of 20.70 and a beta of 0.89.

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.