M&T Bank Corp Sells 29,826 Shares of iShares S&P 500 Value ETF $IVE

M&T Bank Corp cut its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 819,173 shares of the company’s stock after selling 29,826 shares during the period. M&T Bank Corp’s holdings in iShares S&P 500 Value ETF were worth $173,731,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Brighton Jones LLC lifted 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 valued at $2,679,000 after purchasing an additional 112 shares during the last quarter. Great Lakes Advisors LLC lifted its stake in shares of iShares S&P 500 Value ETF by 6,385.7% in the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after purchasing an additional 447 shares during the last quarter. Schnieders Capital Management LLC. bought a new stake in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at approximately $550,000. Russell Investments Group Ltd. lifted its stake in shares of iShares S&P 500 Value ETF by 28.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock valued at $416,000 after purchasing an additional 477 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in shares of iShares S&P 500 Value ETF by 2.8% in the 2nd quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock valued at $5,184,000 after purchasing an additional 731 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE opened at $223.51 on Monday. The firm has a market capitalization of $49.35 billion, a price-to-earnings ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 1 year low of $183.05 and a 1 year high of $225.26. The business has a 50 day simple moving average of $216.09 and a 200-day simple moving average of $214.21.

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.