PNC Financial Services Group Inc. Sells 72,523 Shares of iShares S&P 500 Value ETF $IVE

PNC Financial Services Group Inc. lessened its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.1% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,271,013 shares of the company’s stock after selling 72,523 shares during the period. PNC Financial Services Group Inc. owned 1.03% of iShares S&P 500 Value ETF worth $479,524,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IVE. Simplex Trading LLC bought a new position in iShares S&P 500 Value ETF in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. bought a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at about $26,000. United Services Automobile Association purchased a new position in shares of iShares S&P 500 Value ETF during the second quarter worth about $26,000. Finally, Palisade Asset Management LLC purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth about $29,000.

iShares S&P 500 Value ETF Trading Up 0.4%

IVE stock opened at $230.56 on Wednesday. The company’s 50 day moving average is $227.79 and its 200 day moving average is $221.00. The stock has a market cap of $48.75 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1-year low of $193.90 and a 1-year high of $233.57.

iShares S&P 500 Value ETF Company 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.