iShares S&P 500 Value ETF $IVE Stock Position Lessened by NewEdge Advisors LLC

NewEdge Advisors LLC trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 858,916 shares of the company’s stock after selling 56,305 shares during the period. iShares S&P 500 Value ETF makes up approximately 0.7% of NewEdge Advisors LLC’s investment portfolio, making the stock its 25th largest holding. NewEdge Advisors LLC owned 0.39% of iShares S&P 500 Value ETF worth $181,360,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of IVE. Blue Edge Capital LLC raised its position in shares of iShares S&P 500 Value ETF by 3.0% during the 1st quarter. Blue Edge Capital LLC now owns 76,110 shares of the company’s stock worth $16,071,000 after buying an additional 2,200 shares in the last quarter. Foguth Wealth Management LLC. increased its stake in shares of iShares S&P 500 Value ETF by 12.3% during the first quarter. Foguth Wealth Management LLC. now owns 2,229 shares of the company’s stock valued at $508,000 after acquiring an additional 245 shares during the period. Financial Solutions Advisory Group Inc. bought a new stake in iShares S&P 500 Value ETF during the first quarter worth approximately $1,943,000. Asset Dedication LLC raised its holdings in iShares S&P 500 Value ETF by 16.0% during the first quarter. Asset Dedication LLC now owns 17,016 shares of the company’s stock worth $3,593,000 after purchasing an additional 2,347 shares in the last quarter. Finally, Glenmede Trust Co. NA lifted its position in iShares S&P 500 Value ETF by 2.8% in the first quarter. Glenmede Trust Co. NA now owns 8,450 shares of the company’s stock worth $1,784,000 after purchasing an additional 232 shares during the period.

iShares S&P 500 Value ETF Price Performance

IVE opened at $235.17 on Thursday. The business has a 50 day moving average price of $229.23 and a two-hundred day moving average price of $222.30. The company has a market capitalization of $49.70 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 $195.99 and a 1-year high of $236.39.

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.