Narwhal Capital Management Cuts Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Narwhal Capital Management lessened its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 90,402 shares of the company’s stock after selling 178 shares during the period. iShares S&P 500 Value ETF comprises about 1.6% of Narwhal Capital Management’s portfolio, making the stock its 13th largest holding. Narwhal Capital Management owned 0.05% of iShares S&P 500 Value ETF worth $16,454,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its stake in iShares S&P 500 Value ETF by 5.1% during the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock worth $3,320,751,000 after buying an additional 861,704 shares in the last quarter. Wells Fargo & Company MN increased its stake in iShares S&P 500 Value ETF by 0.3% during the 4th quarter. Wells Fargo & Company MN now owns 7,565,945 shares of the company’s stock worth $1,315,642,000 after buying an additional 25,641 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in iShares S&P 500 Value ETF by 8.9% during the 4th quarter. Envestnet Asset Management Inc. now owns 4,314,163 shares of the company’s stock worth $750,190,000 after buying an additional 351,478 shares in the last quarter. UBS Group AG increased its stake in iShares S&P 500 Value ETF by 0.4% during the 4th quarter. UBS Group AG now owns 3,558,382 shares of the company’s stock worth $618,767,000 after buying an additional 14,425 shares in the last quarter. Finally, Stifel Financial Corp increased its stake in iShares S&P 500 Value ETF by 1.2% during the 4th quarter. Stifel Financial Corp now owns 2,195,335 shares of the company’s stock worth $381,746,000 after buying an additional 25,246 shares in the last quarter.

iShares S&P 500 Value ETF Trading Down 0.9 %

NYSEARCA:IVE opened at $191.23 on Friday. iShares S&P 500 Value ETF has a 12 month low of $147.23 and a 12 month high of $196.36. The stock has a 50 day moving average of $188.23 and a two-hundred day moving average of $184.20. The firm has a market cap of $34.26 billion, a P/E ratio of 23.79 and a beta of 0.81.

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.