Janney Montgomery Scott LLC Has $284.89 Million Holdings in iShares S&P 500 Value ETF $IVE

Janney Montgomery Scott LLC lessened its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.3% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,349,230 shares of the company’s stock after selling 121,769 shares during the quarter. iShares S&P 500 Value ETF makes up about 0.7% of Janney Montgomery Scott LLC’s holdings, making the stock its 20th biggest holding. Janney Montgomery Scott LLC’s holdings in iShares S&P 500 Value ETF were worth $284,890,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cassaday & Co Wealth Management LLC grew its position in iShares S&P 500 Value ETF by 3,286.8% during the 4th quarter. Cassaday & Co Wealth Management LLC now owns 1,153,776 shares of the company’s stock worth $244,681,000 after purchasing an additional 1,119,709 shares in the last quarter. Morgan Stanley lifted its holdings in shares of iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after purchasing an additional 1,068,945 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of iShares S&P 500 Value ETF by 4.6% in the fourth quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after purchasing an additional 821,872 shares in the last quarter. Envestnet Portfolio Solutions Inc. boosted its position in shares of iShares S&P 500 Value ETF by 47.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after buying an additional 816,767 shares during the period. Finally, Park Avenue Securities LLC boosted its position in shares of iShares S&P 500 Value ETF by 40.4% in the fourth quarter. Park Avenue Securities LLC now owns 2,467,550 shares of the company’s stock worth $523,293,000 after buying an additional 710,518 shares during the period.

iShares S&P 500 Value ETF Trading Up 0.2%

Shares of IVE stock opened at $226.52 on Friday. The company has a market capitalization of $50.02 billion, a price-to-earnings ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 1-year low of $193.55 and a 1-year high of $230.05. The stock’s fifty day simple moving average is $225.08 and its 200-day simple moving average is $218.91.

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. 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.