Principal Financial Group Inc. Lowers Holdings in iShares S&P 500 Value ETF $IVE

Principal Financial Group Inc. trimmed its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 25.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,251 shares of the company’s stock after selling 5,542 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,431,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of IVE. Simplex Trading LLC bought a new position in iShares S&P 500 Value ETF in the 4th quarter worth about $25,000. Hilton Head Capital Partners LLC bought a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at about $25,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Value ETF during the 4th quarter valued at about $26,000. United Services Automobile Association purchased a new position in iShares S&P 500 Value ETF in the second quarter worth about $26,000. Finally, Palisade Asset Management LLC purchased a new position in iShares S&P 500 Value ETF in the third quarter worth about $29,000.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE opened at $232.36 on Thursday. The firm’s 50 day moving average price is $228.64 and its 200-day moving average price is $221.73. The company has a market cap of $49.12 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 52-week low of $193.90 and a 52-week high of $234.91.

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.