UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $3.69 Million Holdings in iShares S&P 500 Value ETF $IVE

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 52.4% in the second quarter, HoldingsChannel reports. The firm owned 16,259 shares of the company’s stock after selling 17,899 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in iShares S&P 500 Value ETF were worth $3,692,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Simplex Trading LLC bought a new position in iShares S&P 500 Value ETF during the 4th quarter worth approximately $25,000. Hilton Head Capital Partners LLC bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth $25,000. United Services Automobile Association acquired a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at $26,000. RMG Wealth Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 1st quarter valued at $27,000. Finally, Palisade Asset Management LLC bought a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth about $29,000.

iShares S&P 500 Value ETF Price Performance

NYSEARCA IVE opened at $234.00 on Thursday. iShares S&P 500 Value ETF has a one year low of $201.22 and a one year high of $239.93. The firm has a market cap of $49.46 billion, a P/E ratio of 20.70 and a beta of 0.82. The stock’s 50-day moving average is $234.07 and its 200-day moving average is $225.47.

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.