Commonwealth Equity Services LLC Cuts Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Commonwealth Equity Services LLC decreased its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.3% during the second quarter, HoldingsChannel reports. The firm owned 1,055,291 shares of the company’s stock after selling 24,866 shares during the period. Commonwealth Equity Services LLC’s holdings in iShares S&P 500 Value ETF were worth $192,074,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. D.A. Davidson & CO. raised its stake in shares of iShares S&P 500 Value ETF by 0.6% during the fourth quarter. D.A. Davidson & CO. now owns 18,017 shares of the company’s stock worth $3,133,000 after acquiring an additional 110 shares in the last quarter. Sachetta LLC purchased a new position in shares of iShares S&P 500 Value ETF in the fourth quarter worth $1,723,000. Watershed Private Wealth LLC boosted its position in iShares S&P 500 Value ETF by 3.4% during the 4th quarter. Watershed Private Wealth LLC now owns 39,034 shares of the company’s stock valued at $6,787,000 after buying an additional 1,279 shares during the period. BKM Wealth Management LLC grew its holdings in iShares S&P 500 Value ETF by 2.9% in the 1st quarter. BKM Wealth Management LLC now owns 63,882 shares of the company’s stock worth $11,934,000 after acquiring an additional 1,802 shares during the last quarter. Finally, Focus Financial Network Inc. ADV bought a new position in shares of iShares S&P 500 Value ETF during the fourth quarter valued at about $7,322,000.

iShares S&P 500 Value ETF Price Performance

Shares of NYSEARCA:IVE opened at $196.24 on Friday. iShares S&P 500 Value ETF has a 1 year low of $147.23 and a 1 year high of $196.36. The stock’s 50-day moving average is $187.09 and its 200 day moving average is $183.59. The company has a market cap of $35.16 billion, a PE 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.