PACK Private Wealth LLC Reduces Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

PACK Private Wealth LLC lessened its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.6% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 5,680 shares of the company’s stock after selling 275 shares during the period. iShares S&P 500 Value ETF makes up approximately 0.7% of PACK Private Wealth LLC’s investment portfolio, making the stock its 15th largest position. PACK Private Wealth LLC’s holdings in iShares S&P 500 Value ETF were worth $988,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Peoples Bank KS acquired a new stake in iShares S&P 500 Value ETF during the 3rd quarter valued at $25,000. Allspring Global Investments Holdings LLC boosted its stake in shares of iShares S&P 500 Value ETF by 700.0% during the third quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock valued at $25,000 after acquiring an additional 140 shares during the last quarter. First Pacific Financial purchased a new stake in iShares S&P 500 Value ETF during the 4th quarter worth about $30,000. Sound Income Strategies LLC acquired a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000. Finally, Wetzel Investment Advisors Inc. purchased a new position in iShares S&P 500 Value ETF in the 4th quarter valued at about $35,000.

iShares S&P 500 Value ETF Trading Up 0.1 %

Shares of NYSEARCA IVE traded up $0.13 during midday trading on Wednesday, reaching $182.09. 196,438 shares of the stock were exchanged, compared to its average volume of 933,789. The stock has a 50 day moving average price of $181.63 and a 200-day moving average price of $173.22. The company has a market capitalization of $32.62 billion, a P/E ratio of 23.38 and a beta of 0.84. iShares S&P 500 Value ETF has a 52-week low of $147.23 and a 52-week high of $187.24.

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.