Bank of New York Mellon Corp Sells 40,141 Shares of iShares S&P 500 Value ETF $IVE

Bank of New York Mellon Corp cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,138,151 shares of the company’s stock after selling 40,141 shares during the period. Bank of New York Mellon Corp owned about 0.52% of iShares S&P 500 Value ETF worth $240,321,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Simplex Trading LLC bought a new position in shares of iShares S&P 500 Value ETF in the 4th quarter valued at $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $25,000. Decker Retirement Planning Inc. acquired a new position in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $26,000. United Services Automobile Association acquired a new position in shares of iShares S&P 500 Value ETF in the second quarter valued at approximately $26,000. Finally, Palisade Asset Management LLC bought a new position in iShares S&P 500 Value ETF in the 3rd quarter valued at approximately $29,000.

iShares S&P 500 Value ETF Stock Performance

IVE stock opened at $231.15 on Friday. The company has a market capitalization of $48.88 billion, a P/E ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 52-week low of $193.90 and a 52-week high of $233.58. The company has a fifty day moving average price of $227.57 and a 200-day moving average price of $220.70.

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.