iShares S&P 500 Value ETF $IVE is First Hawaiian Bank’s 10th Largest Position

First Hawaiian Bank lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.6% in the 1st quarter, Holdings Channel.com reports. The fund owned 124,300 shares of the company’s stock after selling 6,029 shares during the quarter. iShares S&P 500 Value ETF comprises approximately 1.2% of First Hawaiian Bank’s investment portfolio, making the stock its 10th biggest position. First Hawaiian Bank’s holdings in iShares S&P 500 Value ETF were worth $23,689,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in IVE. Envestnet Asset Management Inc. boosted its stake in iShares S&P 500 Value ETF by 38.8% during the 1st quarter. Envestnet Asset Management Inc. now owns 18,643,646 shares of the company’s stock worth $3,553,106,000 after purchasing an additional 5,207,877 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in iShares S&P 500 Value ETF by 5.5% during the 1st quarter. JPMorgan Chase & Co. now owns 17,776,163 shares of the company’s stock worth $3,387,781,000 after purchasing an additional 922,557 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in iShares S&P 500 Value ETF by 4.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,590,004 shares of the company’s stock worth $493,603,000 after purchasing an additional 105,418 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in iShares S&P 500 Value ETF by 3.7% during the 1st quarter. Ameriprise Financial Inc. now owns 2,546,232 shares of the company’s stock worth $485,361,000 after purchasing an additional 90,856 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its stake in iShares S&P 500 Value ETF by 5.3% during the 1st quarter. PNC Financial Services Group Inc. now owns 2,257,076 shares of the company’s stock worth $430,153,000 after purchasing an additional 114,406 shares during the last quarter.

iShares S&P 500 Value ETF Stock Up 1.2%

Shares of IVE opened at $204.39 on Friday. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $206.63. The firm’s fifty day moving average is $200.08 and its two-hundred day moving average is $192.00. The stock has a market cap of $41.03 billion, a PE ratio of 20.70 and a beta of 0.94.

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.