First Merchants Corp Trims Stock Position in iShares S&P 500 Value ETF $IVE

First Merchants Corp cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.6% in the second quarter, Holdings Channel.com reports. The fund owned 105,938 shares of the company’s stock after selling 667 shares during the quarter. First Merchants Corp’s holdings in iShares S&P 500 Value ETF were worth $20,702,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Eagle Strategies LLC raised its holdings in shares of iShares S&P 500 Value ETF by 2.4% in the second quarter. Eagle Strategies LLC now owns 3,674 shares of the company’s stock valued at $718,000 after buying an additional 85 shares during the last quarter. Clear Creek Financial Management LLC raised its holdings in shares of iShares S&P 500 Value ETF by 15.6% in the second quarter. Clear Creek Financial Management LLC now owns 11,924 shares of the company’s stock valued at $2,330,000 after buying an additional 1,611 shares during the last quarter. Dohj LLC raised its holdings in shares of iShares S&P 500 Value ETF by 76.7% in the second quarter. Dohj LLC now owns 19,800 shares of the company’s stock valued at $3,554,000 after buying an additional 8,596 shares during the last quarter. Fortis Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the second quarter valued at about $209,000. Finally, WESPAC Advisors LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the second quarter valued at about $1,018,000.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA:IVE opened at $208.47 on Thursday. The company has a 50-day simple moving average of $202.85 and a 200-day simple moving average of $193.80. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $209.12. The stock has a market capitalization of $42.12 billion, a price-to-earnings ratio of 20.70 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.