Processus Wealth & Capital Management LLC cut its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 51.6% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,164 shares of the company’s stock after selling 2,309 shares during the quarter. Processus Wealth & Capital Management LLC’s holdings in iShares S&P 500 Value ETF were worth $447,000 at the end of the most recent reporting period.
A number of other large investors have also recently modified their holdings of IVE. United Services Automobile Association purchased a new position in iShares S&P 500 Value ETF during the 2nd quarter worth $26,000. Harbor Asset Planning Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter valued at $30,000. Tripletail Wealth Management LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at $37,000. Rossmore Private Capital purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at $44,000. Finally, Cloud Capital Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at about $45,000.
iShares S&P 500 Value ETF Price Performance
NYSEARCA:IVE opened at $219.04 on Tuesday. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $219.22. The company has a 50-day moving average of $214.16 and a 200 day moving average of $207.75. The firm has a market cap of $49.55 billion, a PE ratio of 20.70 and a beta of 0.89.
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.
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