Northwestern Mutual Wealth Management Co. Has $61.50 Million Position in iShares S&P 500 Value ETF $IVE

Northwestern Mutual Wealth Management Co. lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.7% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 270,849 shares of the company’s stock after selling 4,732 shares during the period. Northwestern Mutual Wealth Management Co.’s holdings in iShares S&P 500 Value ETF were worth $61,499,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in IVE. Simplex Trading LLC bought a new position in iShares S&P 500 Value ETF during the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter worth approximately $25,000. United Services Automobile Association bought a new stake in shares of iShares S&P 500 Value ETF during the second quarter valued at approximately $26,000. RMG Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF during the first quarter valued at approximately $27,000. Finally, Palisade Asset Management LLC acquired a new position in shares of iShares S&P 500 Value ETF in the third quarter valued at $29,000.

iShares S&P 500 Value ETF Price Performance

IVE opened at $235.80 on Wednesday. iShares S&P 500 Value ETF has a fifty-two week low of $201.22 and a fifty-two week high of $239.93. The firm’s fifty day moving average price is $232.92 and its two-hundred day moving average price is $224.79. The company has a market capitalization of $49.84 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.