iShares S&P 500 Value ETF $IVE is LVZ Inc.’s Largest Position

LVZ Inc. trimmed its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 572,662 shares of the company’s stock after selling 19,418 shares during the period. iShares S&P 500 Value ETF makes up 13.8% of LVZ Inc.’s investment portfolio, making the stock its largest holding. LVZ Inc. owned 0.26% of iShares S&P 500 Value ETF worth $120,918,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Brighton Jones LLC boosted its stake in shares of iShares S&P 500 Value ETF by 0.8% in the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after buying an additional 112 shares during the last quarter. Great Lakes Advisors LLC increased its position in iShares S&P 500 Value ETF by 6,385.7% during the first quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after acquiring an additional 447 shares during the last quarter. Schnieders Capital Management LLC. purchased a new stake in iShares S&P 500 Value ETF during the second quarter valued at $550,000. Russell Investments Group Ltd. lifted its holdings in iShares S&P 500 Value ETF by 28.8% in the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock valued at $416,000 after acquiring an additional 477 shares during the period. Finally, First Trust Advisors LP lifted its holdings in iShares S&P 500 Value ETF by 2.8% in the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock valued at $5,184,000 after acquiring an additional 731 shares during the period.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $230.20 on Monday. The stock has a market capitalization of $48.54 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The stock’s 50-day simple moving average is $225.92 and its two-hundred day simple moving average is $219.50. iShares S&P 500 Value ETF has a 52-week low of $193.90 and a 52-week high of $230.26.

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. 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.