Envestnet Asset Management Inc. Has $5.30 Billion Stake in iShares S&P 500 Value ETF $IVE

Envestnet Asset Management Inc. lessened its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 15.8% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,349,327 shares of the company’s stock after selling 4,380,128 shares during the period. iShares S&P 500 Value ETF accounts for about 0.8% of Envestnet Asset Management Inc.’s portfolio, making the stock its 16th biggest holding. Envestnet Asset Management Inc. owned about 11.00% of iShares S&P 500 Value ETF worth $5,301,695,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of IVE. Rockwood Wealth Management LLC boosted its stake in shares of iShares S&P 500 Value ETF by 2.7% during the first quarter. Rockwood Wealth Management LLC now owns 1,785 shares of the company’s stock valued at $377,000 after purchasing an additional 47 shares in the last quarter. Smith Chas P & Associates PA Cpas grew its holdings in shares of iShares S&P 500 Value ETF by 3.2% during the fourth quarter. Smith Chas P & Associates PA Cpas now owns 1,697 shares of the company’s stock worth $360,000 after purchasing an additional 52 shares during the last quarter. Wealthgarden F.S. LLC increased its stake in shares of iShares S&P 500 Value ETF by 0.9% in the first quarter. Wealthgarden F.S. LLC now owns 5,988 shares of the company’s stock valued at $1,264,000 after buying an additional 53 shares during the period. BTC Capital Management Inc. increased its stake in shares of iShares S&P 500 Value ETF by 0.3% in the first quarter. BTC Capital Management Inc. now owns 19,094 shares of the company’s stock valued at $4,032,000 after buying an additional 57 shares during the period. Finally, Evergreen Private Wealth LLC raised its holdings in iShares S&P 500 Value ETF by 1.8% in the 1st quarter. Evergreen Private Wealth LLC now owns 3,224 shares of the company’s stock valued at $681,000 after buying an additional 57 shares during the last quarter.

iShares S&P 500 Value ETF Trading Down 0.5%

NYSEARCA:IVE traded down $1.19 during mid-day trading on Wednesday, hitting $231.92. 790,511 shares of the company’s stock were exchanged, compared to its average volume of 964,225. The company has a 50 day simple moving average of $234.61 and a 200-day simple moving average of $226.24. iShares S&P 500 Value ETF has a fifty-two week low of $202.45 and a fifty-two week high of $239.93. The firm has a market capitalization of $49.25 billion, a P/E ratio of 20.70 and a beta of 0.82.

iShares S&P 500 Value ETF 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.