Tobias Financial Advisors Inc. Cuts Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Tobias Financial Advisors Inc. reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 6.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 15,184 shares of the company’s stock after selling 1,076 shares during the period. Tobias Financial Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,994,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. JPMorgan Chase & Co. lifted its position in shares of iShares S&P 500 Value ETF by 5.1% during the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock valued at $3,320,751,000 after acquiring an additional 861,704 shares during the period. Envestnet Asset Management Inc. grew its holdings in iShares S&P 500 Value ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock valued at $2,253,356,000 after purchasing an additional 420,007 shares during the last quarter. LPL Financial LLC increased its position in shares of iShares S&P 500 Value ETF by 4.9% in the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after buying an additional 200,427 shares in the last quarter. US Bancorp DE raised its stake in shares of iShares S&P 500 Value ETF by 9.9% during the 1st quarter. US Bancorp DE now owns 1,539,081 shares of the company’s stock worth $287,516,000 after buying an additional 139,258 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in shares of iShares S&P 500 Value ETF by 3.4% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock worth $259,313,000 after buying an additional 47,074 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 1.0 %

Shares of NYSEARCA IVE opened at $196.37 on Wednesday. The company’s 50-day moving average price is $196.11 and its 200 day moving average price is $188.64. iShares S&P 500 Value ETF has a 52 week low of $155.79 and a 52 week high of $201.08. The stock has a market cap of $35.18 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.