Charles Schwab Investment Management Inc. Reduces Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Charles Schwab Investment Management Inc. trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 340,291 shares of the company’s stock after selling 19,920 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.19% of iShares S&P 500 Value ETF worth $64,955,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Stifel Financial Corp boosted its stake in iShares S&P 500 Value ETF by 2.5% in the third quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after acquiring an additional 60,868 shares during the period. PNC Financial Services Group Inc. boosted its stake in iShares S&P 500 Value ETF by 7.6% in the third 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. Huntington National Bank boosted its stake in iShares S&P 500 Value ETF by 6.9% in the third quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock valued at $206,225,000 after acquiring an additional 67,448 shares during the period. Park Avenue Securities LLC boosted its stake in iShares S&P 500 Value ETF by 5.8% in the fourth quarter. Park Avenue Securities LLC now owns 947,689 shares of the company’s stock valued at $180,895,000 after acquiring an additional 51,773 shares during the period. Finally, MAI Capital Management boosted its stake in iShares S&P 500 Value ETF by 1.8% in the third quarter. MAI Capital Management now owns 754,586 shares of the company’s stock valued at $148,782,000 after acquiring an additional 13,079 shares during the period.

iShares S&P 500 Value ETF Stock Down 0.5 %

Shares of IVE stock opened at $187.35 on Thursday. The business has a 50 day moving average of $194.41 and a two-hundred day moving average of $196.29. iShares S&P 500 Value ETF has a 52 week low of $176.09 and a 52 week high of $206.63. The company has a market cap of $36.39 billion, a P/E ratio of 22.06 and a beta of 0.94.

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.