Elevated Capital Advisors LLC Reduces Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Elevated Capital Advisors LLC decreased its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 12.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,137 shares of the company’s stock after selling 302 shares during the quarter. Elevated Capital Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $408,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in IVE. Stifel Financial Corp boosted its position in shares of iShares S&P 500 Value ETF by 2.5% in the 3rd quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after purchasing an additional 60,868 shares during the period. PNC Financial Services Group Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 7.6% in the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after acquiring an additional 139,651 shares during the period. International Assets Investment Management LLC increased its holdings 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 during the period. Huntington National Bank raised its position in iShares S&P 500 Value ETF by 6.9% in the 3rd quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock valued at $206,225,000 after purchasing an additional 67,448 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in iShares S&P 500 Value ETF by 43.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 918,220 shares of the company’s stock worth $167,125,000 after purchasing an additional 277,110 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $189.42 on Tuesday. iShares S&P 500 Value ETF has a one year low of $170.13 and a one year high of $206.63. The stock has a market capitalization of $33.93 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81. The company has a 50-day simple moving average of $197.53 and a 200-day simple moving average of $193.84.

iShares S&P 500 Value ETF Company 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.