CFS Investment Advisory Services LLC Reduces Holdings in iShares S&P 500 Value ETF $IVE

CFS Investment Advisory Services LLC lowered its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 16.0% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 34,708 shares of the company’s stock after selling 6,600 shares during the quarter. CFS Investment Advisory Services LLC’s holdings in iShares S&P 500 Value ETF were worth $7,667,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. increased its position in iShares S&P 500 Value ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after purchasing an additional 821,872 shares in the last quarter. Morgan Stanley boosted its position in iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after acquiring an additional 1,068,945 shares during the last quarter. Bank of America Corp DE boosted its position in iShares S&P 500 Value ETF by 0.9% during the third quarter. Bank of America Corp DE now owns 8,396,957 shares of the company’s stock worth $1,734,056,000 after acquiring an additional 72,040 shares during the last quarter. Wells Fargo & Company MN raised its holdings in iShares S&P 500 Value ETF by 2.0% in the 4th quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock valued at $1,328,436,000 after acquiring an additional 120,153 shares during the last quarter. Finally, UBS Group AG lifted its stake in shares of iShares S&P 500 Value ETF by 1.0% during the 3rd quarter. UBS Group AG now owns 3,604,778 shares of the company’s stock worth $744,423,000 after purchasing an additional 37,372 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $228.90 on Thursday. The company has a market cap of $48.26 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 12 month low of $193.90 and a 12 month high of $232.28. The company has a 50-day moving average of $226.50 and a 200-day moving average of $219.91.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.