Envestnet Portfolio Solutions Inc. Sells 420,146 Shares of iShares S&P 500 Value ETF $IVE

Envestnet Portfolio Solutions Inc. trimmed its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,728,446 shares of the company’s stock after selling 420,146 shares during the quarter. iShares S&P 500 Value ETF makes up about 1.7% of Envestnet Portfolio Solutions Inc.’s portfolio, making the stock its 14th biggest position. Envestnet Portfolio Solutions Inc. owned 0.81% of iShares S&P 500 Value ETF worth $392,461,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of IVE. JPMorgan Chase & Co. grew its position in iShares S&P 500 Value ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after acquiring an additional 821,872 shares during the last quarter. Focus Partners Wealth lifted its position in shares of iShares S&P 500 Value ETF by 134.3% during the fourth quarter. Focus Partners Wealth now owns 1,225,078 shares of the company’s stock worth $259,801,000 after purchasing an additional 702,252 shares during the last quarter. MML Investors Services LLC lifted its position in shares of iShares S&P 500 Value ETF by 48.8% during the fourth quarter. MML Investors Services LLC now owns 2,103,532 shares of the company’s stock worth $446,096,000 after purchasing an additional 689,967 shares during the last quarter. Valpey Financial Services LLC boosted its stake in shares of iShares S&P 500 Value ETF by 21,032.2% during the fourth quarter. Valpey Financial Services LLC now owns 623,189 shares of the company’s stock valued at $132,160,000 after purchasing an additional 620,240 shares during the period. Finally, Calamos Advisors LLC boosted its stake in shares of iShares S&P 500 Value ETF by 2,585.9% during the first quarter. Calamos Advisors LLC now owns 619,118 shares of the company’s stock valued at $130,727,000 after purchasing an additional 596,067 shares during the period.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock traded down $1.19 during trading hours on Wednesday, hitting $231.92. The company had a trading volume of 790,511 shares, compared to its average volume of 964,225. The firm has a market cap of $49.25 billion, a P/E ratio of 20.70 and a beta of 0.82. The company has a 50-day moving average price of $234.61 and a two-hundred day moving average price of $226.24. iShares S&P 500 Value ETF has a 1 year low of $202.45 and a 1 year high of $239.93.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.