Sovereign Financial Group Inc. Sells 83 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Sovereign Financial Group Inc. decreased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.3% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,254 shares of the company’s stock after selling 83 shares during the period. Sovereign Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $1,233,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Cetera Investment Advisers raised its stake in iShares S&P 500 Value ETF by 905.6% in the 1st 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. Envestnet Portfolio Solutions Inc. lifted its stake in shares of iShares S&P 500 Value ETF by 503.8% during the 1st quarter. Envestnet Portfolio Solutions Inc. now owns 1,377,642 shares of the company’s stock worth $257,357,000 after buying an additional 1,149,497 shares during the last quarter. CWM LLC boosted its holdings in shares of iShares S&P 500 Value ETF by 228.4% during the 1st quarter. CWM LLC now owns 1,496,348 shares of the company’s stock worth $279,533,000 after buying an additional 1,040,767 shares during the period. JPMorgan Chase & Co. grew its stake in iShares S&P 500 Value ETF by 5.1% in the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock valued at $3,320,751,000 after buying an additional 861,704 shares during the last quarter. Finally, Park Avenue Securities LLC raised its holdings in iShares S&P 500 Value ETF by 1,337.4% in the 1st quarter. Park Avenue Securities LLC now owns 902,534 shares of the company’s stock valued at $168,602,000 after acquiring an additional 839,744 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.2 %

Shares of IVE stock opened at $195.54 on Wednesday. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $197.63. The company has a market capitalization of $35.03 billion, a PE ratio of 23.79 and a beta of 0.81. The firm has a 50 day moving average price of $192.41 and a two-hundred day moving average price of $186.37.

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.