Stage Harbor Financial LLC Cuts Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Stage Harbor Financial LLC decreased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.4% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 3,582 shares of the company’s stock after selling 204 shares during the period. iShares S&P 500 Value ETF accounts for about 0.6% of Stage Harbor Financial LLC’s holdings, making the stock its 22nd biggest holding. Stage Harbor Financial LLC’s holdings in iShares S&P 500 Value ETF were worth $684,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in IVE. Stifel Financial Corp lifted its holdings in iShares S&P 500 Value ETF by 2.5% during the third quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after purchasing an additional 60,868 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of iShares S&P 500 Value ETF by 8.5% during the 4th 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. Raymond James Financial Inc. purchased a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $311,273,000. Envestnet Portfolio Solutions Inc. boosted its holdings in iShares S&P 500 Value ETF by 3.4% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 1,527,973 shares of the company’s stock worth $291,659,000 after buying an additional 49,640 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its stake in iShares S&P 500 Value ETF by 8.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 999,059 shares of the company’s stock worth $190,700,000 after buying an additional 73,706 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $188.79 on Friday. The stock’s 50 day simple moving average is $194.16 and its 200-day simple moving average is $195.97. The company has a market cap of $36.76 billion, a PE ratio of 21.80 and a beta of 0.94. iShares S&P 500 Value ETF has a 1-year low of $176.09 and a 1-year high of $206.63.

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.