Texas Capital Bank Wealth Management Services Inc Sells 15,692 Shares of iShares S&P 500 Value ETF $IVE

Texas Capital Bank Wealth Management Services Inc lowered its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 81.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,581 shares of the company’s stock after selling 15,692 shares during the period. Texas Capital Bank Wealth Management Services Inc’s holdings in iShares S&P 500 Value ETF were worth $740,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in IVE. United Services Automobile Association purchased a new stake in iShares S&P 500 Value ETF during the second quarter valued at approximately $26,000. Center for Financial Planning Inc. purchased a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter worth approximately $32,000. Tripletail Wealth Management LLC purchased a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter worth approximately $37,000. Rossmore Private Capital bought a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $44,000. Finally, Cloud Capital Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $45,000.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE opened at $211.71 on Friday. The firm has a market capitalization of $47.83 billion, a PE ratio of 20.70 and a beta of 0.89. The stock’s fifty day moving average is $218.23 and its 200 day moving average is $211.64. iShares S&P 500 Value ETF has a fifty-two week low of $165.45 and a fifty-two week high of $223.05.

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.