Salomon & Ludwin LLC Cuts Position in iShares S&P 500 Value ETF $IVE

Salomon & Ludwin LLC trimmed its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.0% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 196,493 shares of the company’s stock after selling 2,079 shares during the quarter. iShares S&P 500 Value ETF makes up about 3.8% of Salomon & Ludwin LLC’s investment portfolio, making the stock its 7th largest holding. Salomon & Ludwin LLC owned about 0.10% of iShares S&P 500 Value ETF worth $38,813,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. lifted its stake in iShares S&P 500 Value ETF by 38.8% in the first quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock valued at $3,553,106,000 after buying an additional 5,207,877 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of iShares S&P 500 Value ETF by 5.5% during the first quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock valued at $3,387,781,000 after purchasing an additional 922,557 shares during the period. Goldman Sachs Group Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 4.2% during the first quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock valued at $493,603,000 after purchasing an additional 105,418 shares during the period. Ameriprise Financial Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 3.7% during the first quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock valued at $485,361,000 after purchasing an additional 90,856 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of iShares S&P 500 Value ETF by 5.3% during the first quarter. PNC Financial Services Group Inc. now owns 2,257,076 shares of the company’s stock valued at $430,153,000 after purchasing an additional 114,406 shares during the period.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE opened at $206.01 on Friday. The firm has a market capitalization of $41.66 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94. iShares S&P 500 Value ETF has a one year low of $165.45 and a one year high of $209.12. The stock’s fifty day moving average is $204.05 and its 200-day moving average is $194.51.

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.