Principal Financial Group Inc. Has $2.73 Million Stock Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Principal Financial Group Inc. reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,835 shares of the company’s stock after selling 507 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,728,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its stake in shares of iShares S&P 500 Value ETF by 18,046.1% in the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock valued at $262,938,000 after purchasing an additional 1,326,211 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at $82,555,000. Envestnet Asset Management Inc. raised its stake in shares of 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 valued at $2,253,356,000 after buying an additional 420,007 shares in the last quarter. Liberty Wealth Management LLC lifted its holdings in shares of iShares S&P 500 Value ETF by 618.4% during the 2nd quarter. Liberty Wealth Management LLC now owns 411,954 shares of the company’s stock worth $74,980,000 after acquiring an additional 354,613 shares during the period. Finally, Koss Olinger Consulting LLC acquired a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at about $55,903,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $191.45 on Friday. The stock’s fifty day simple moving average is $198.14 and its 200 day simple moving average is $193.35. iShares S&P 500 Value ETF has a one year low of $170.13 and a one year high of $206.63. The firm has a market cap of $34.30 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

About iShares S&P 500 Value ETF

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.