Commonwealth Equity Services LLC Sells 66,038 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Commonwealth Equity Services LLC trimmed its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.6% during the fourth quarter, Holdings Channel reports. The institutional investor owned 933,906 shares of the company’s stock after selling 66,038 shares during the quarter. Commonwealth Equity Services LLC’s holdings in iShares S&P 500 Value ETF were worth $162,397,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC lifted its stake in shares of iShares S&P 500 Value ETF by 700.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 160 shares of the company’s stock valued at $25,000 after buying an additional 140 shares in the last quarter. Peoples Bank KS purchased a new stake in shares of iShares S&P 500 Value ETF in the third quarter valued at about $25,000. First Pacific Financial purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $30,000. Wetzel Investment Advisors Inc. purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $35,000. Finally, Sound Income Strategies LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at about $35,000.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock traded up $0.64 on Thursday, hitting $179.00. The stock had a trading volume of 587,001 shares, compared to its average volume of 946,203. The business has a 50 day moving average of $181.50 and a 200 day moving average of $172.31. The stock has a market cap of $32.07 billion, a price-to-earnings ratio of 23.38 and a beta of 0.84. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24.

iShares S&P 500 Value ETF Company 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.