iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Sterling Financial Planning Inc.

Sterling Financial Planning Inc. lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 24,139 shares of the company’s stock after selling 594 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 1.8% of Sterling Financial Planning Inc.’s investment portfolio, making the stock its 15th largest holding. Sterling Financial Planning Inc.’s holdings in iShares S&P 500 Value ETF were worth $4,393,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of IVE. Cetera Investment Advisers increased 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 in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in iShares S&P 500 Value ETF by 503.8% in 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 period. CWM LLC increased its holdings in iShares S&P 500 Value ETF by 228.4% in 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. increased its holdings 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 worth $3,320,751,000 after buying an additional 861,704 shares during the period. Finally, Park Avenue Securities LLC increased 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 worth $168,602,000 after buying an additional 839,744 shares during the period.

iShares S&P 500 Value ETF Price Performance

NYSEARCA:IVE traded up $1.68 during midday trading on Friday, hitting $196.24. The company’s stock had a trading volume of 311,342 shares, compared to its average volume of 720,983. iShares S&P 500 Value ETF has a fifty-two week low of $147.23 and a fifty-two week high of $196.36. The firm’s 50 day moving average is $187.09 and its 200-day moving average is $183.59. The firm has a market cap of $35.16 billion, a P/E 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.