Frontier Asset Management LLC Has $598,000 Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Frontier Asset Management LLC lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.1% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,132 shares of the company’s stock after selling 67 shares during the quarter. Frontier Asset Management LLC’s holdings in iShares S&P 500 Value ETF were worth $598,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Raymond James Financial Inc. acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth $311,273,000. USA Financial Formulas acquired a new position in iShares S&P 500 Value ETF during the fourth quarter worth $77,191,000. Davis Selected Advisers boosted its holdings in iShares S&P 500 Value ETF by 1,452.8% during the fourth quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock worth $37,637,000 after purchasing an additional 184,477 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in iShares S&P 500 Value ETF by 8.5% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock worth $408,993,000 after purchasing an additional 167,028 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in iShares S&P 500 Value ETF by 28.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock worth $120,955,000 after purchasing an additional 136,769 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.8 %

NYSEARCA IVE opened at $194.14 on Friday. The firm’s fifty day moving average price is $194.52 and its two-hundred day moving average price is $196.36. iShares S&P 500 Value ETF has a 1 year low of $176.09 and a 1 year high of $206.63. The firm has a market capitalization of $37.71 billion, a P/E ratio of 22.06 and a beta of 0.94.

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.