First Heartland Consultants Inc. Trims Stock Position in iShares S&P 500 Value ETF $IVE

First Heartland Consultants Inc. cut its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,619 shares of the company’s stock after selling 3,419 shares during the quarter. First Heartland Consultants Inc.’s holdings in iShares S&P 500 Value ETF were worth $6,044,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of IVE. Cassaday & Co Wealth Management LLC raised its position in shares of iShares S&P 500 Value ETF by 3,286.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after purchasing an additional 1,119,709 shares during the last quarter. Morgan Stanley grew its holdings in iShares S&P 500 Value ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after buying an additional 1,068,945 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 valued at $3,975,941,000 after buying an additional 821,872 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its position in iShares S&P 500 Value ETF by 47.4% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after buying an additional 816,767 shares in the last quarter. Finally, CWM LLC increased its position in iShares S&P 500 Value ETF by 37.5% during the fourth quarter. CWM LLC now owns 2,579,248 shares of the company’s stock worth $546,981,000 after buying an additional 702,987 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 0.5%

NYSEARCA IVE opened at $235.78 on Friday. iShares S&P 500 Value ETF has a fifty-two week low of $197.66 and a fifty-two week high of $236.39. The stock has a market cap of $49.83 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. The business has a fifty day moving average of $229.51 and a 200-day moving average of $222.52.

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.