Newport Capital Group LLC Sells 666 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Newport Capital Group LLC cut its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,370 shares of the company’s stock after selling 666 shares during the period. iShares S&P 500 Value ETF comprises approximately 0.8% of Newport Capital Group LLC’s portfolio, making the stock its 25th biggest holding. Newport Capital Group LLC’s holdings in iShares S&P 500 Value ETF were worth $1,025,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of IVE. International Assets Investment Management LLC boosted its position in iShares S&P 500 Value ETF by 18,046.1% in the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after purchasing an additional 1,326,211 shares during the last quarter. USA Financial Formulas purchased a new position in shares of iShares S&P 500 Value ETF in the 4th quarter worth about $77,191,000. PNC Financial Services Group Inc. grew its position in iShares S&P 500 Value ETF by 7.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after buying an additional 139,651 shares during the period. Kovitz Investment Group Partners LLC increased its holdings in iShares S&P 500 Value ETF by 28.7% during the third quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock worth $120,955,000 after buying an additional 136,769 shares during the last quarter. Finally, World Investment Advisors LLC raised its position in iShares S&P 500 Value ETF by 1,511.5% in the third quarter. World Investment Advisors LLC now owns 112,303 shares of the company’s stock worth $22,220,000 after acquiring an additional 105,334 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.7 %

iShares S&P 500 Value ETF stock opened at $197.04 on Friday. iShares S&P 500 Value ETF has a twelve month low of $174.22 and a twelve month high of $206.63. The firm has a 50 day moving average price of $194.53 and a 200-day moving average price of $195.37. The company has a market capitalization of $35.30 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.