iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Phillips Financial Management LLC

Phillips Financial Management LLC trimmed its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.5% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 250,386 shares of the company’s stock after selling 14,529 shares during the quarter. iShares S&P 500 Value ETF makes up 3.8% of Phillips Financial Management LLC’s holdings, making the stock its 4th largest holding. Phillips Financial Management LLC owned about 0.14% of iShares S&P 500 Value ETF worth $49,369,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Envestnet Asset Management Inc. increased its stake in iShares S&P 500 Value ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after purchasing an additional 420,007 shares in the last quarter. LPL Financial LLC increased its position in shares of iShares S&P 500 Value ETF by 4.9% in the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock worth $775,111,000 after acquiring an additional 200,427 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of iShares S&P 500 Value ETF by 3.4% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock worth $259,313,000 after acquiring an additional 47,074 shares in the last quarter. Cetera Investment Advisers raised its holdings in shares of iShares S&P 500 Value ETF by 905.6% during the first quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock valued at $263,498,000 after acquiring an additional 1,270,256 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of iShares S&P 500 Value ETF by 18,046.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock valued at $262,938,000 after acquiring an additional 1,326,211 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA IVE opened at $199.51 on Monday. The firm’s 50 day moving average price is $197.20 and its two-hundred day moving average price is $189.74. iShares S&P 500 Value ETF has a twelve month low of $161.43 and a twelve month high of $203.67. The stock has a market cap of $35.74 billion, a price-to-earnings 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.