Commonwealth Financial Services LLC Has $281,000 Stake in iShares S&P 500 Value ETF $IVE

Commonwealth Financial Services LLC reduced its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 90.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,332 shares of the company’s stock after selling 12,192 shares during the quarter. Commonwealth Financial Services LLC’s holdings in iShares S&P 500 Value ETF were worth $281,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Cassaday & Co Wealth Management LLC increased its stake in iShares S&P 500 Value ETF by 3,286.8% in the fourth quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock valued at $244,681,000 after acquiring an additional 1,119,709 shares during the last quarter. Morgan Stanley lifted its stake 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 purchasing an additional 1,068,945 shares during the last quarter. JPMorgan Chase & Co. lifted its stake in iShares S&P 500 Value ETF by 4.6% during the fourth 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 during the last quarter. Envestnet Portfolio Solutions Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 47.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock valued at $538,709,000 after purchasing an additional 816,767 shares in the last quarter. Finally, CWM LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 37.5% in the 4th quarter. CWM LLC now owns 2,579,248 shares of the company’s stock valued at $546,981,000 after purchasing an additional 702,987 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $229.73 on Tuesday. iShares S&P 500 Value ETF has a 52-week low of $193.90 and a 52-week high of $233.57. The firm has a market cap of $48.58 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The business’s fifty day moving average is $227.68 and its 200-day moving average is $220.87.

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. 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.