iShares S&P 500 Value ETF $IVE Shares Sold by Sovereign Financial Group Inc.

Sovereign Financial Group Inc. lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.0% during the first quarter, HoldingsChannel.com reports. The firm owned 11,601 shares of the company’s stock after selling 2,722 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,450,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the stock. Brighton Jones LLC increased its holdings in iShares S&P 500 Value ETF by 0.8% in the fourth quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after buying an additional 112 shares during the last quarter. Great Lakes Advisors LLC lifted its holdings in iShares S&P 500 Value ETF by 6,385.7% during the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock worth $83,000 after buying an additional 447 shares during the last quarter. Schnieders Capital Management LLC. acquired a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter worth approximately $550,000. Russell Investments Group Ltd. grew its position 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 worth $416,000 after acquiring an additional 477 shares in the last quarter. Finally, First Trust Advisors LP increased its holdings 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 acquiring an additional 731 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.2%

IVE stock opened at $226.83 on Tuesday. The stock’s 50 day simple moving average is $224.34 and its 200 day simple moving average is $218.56. iShares S&P 500 Value ETF has a 12-month low of $189.67 and a 12-month high of $230.05. The firm has a market cap of $50.08 billion, a P/E ratio of 20.70 and a beta of 0.82.

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.