Principal Financial Group Inc. Sells 209 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Principal Financial Group Inc. cut its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 1.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,159 shares of the company’s stock after selling 209 shares during the period. Principal Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,645,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank OZK raised its holdings in shares of iShares S&P 500 Value ETF by 42.6% in the fourth quarter. Bank OZK now owns 2,310 shares of the company’s stock valued at $402,000 after purchasing an additional 690 shares during the last quarter. D.A. Davidson & CO. increased its position in shares of iShares S&P 500 Value ETF by 0.6% during the fourth quarter. D.A. Davidson & CO. now owns 18,017 shares of the company’s stock valued at $3,133,000 after acquiring an additional 110 shares during the last quarter. Sachetta LLC bought a new stake in iShares S&P 500 Value ETF during the fourth quarter worth $1,723,000. Watershed Private Wealth LLC boosted its position in iShares S&P 500 Value ETF by 3.4% in the fourth quarter. Watershed Private Wealth LLC now owns 39,034 shares of the company’s stock worth $6,787,000 after purchasing an additional 1,279 shares during the last quarter. Finally, BKM Wealth Management LLC grew its stake in iShares S&P 500 Value ETF by 2.9% in the 1st quarter. BKM Wealth Management LLC now owns 63,882 shares of the company’s stock valued at $11,934,000 after purchasing an additional 1,802 shares during the period.

iShares S&P 500 Value ETF Stock Performance

IVE traded down $0.44 during midday trading on Friday, reaching $181.08. The company had a trading volume of 184,975 shares, compared to its average volume of 790,486. The stock has a market cap of $32.44 billion, a PE ratio of 23.79 and a beta of 0.81. The business has a 50-day moving average price of $182.55 and a two-hundred day moving average price of $179.52. iShares S&P 500 Value ETF has a 12-month low of $147.23 and a 12-month high of $187.24.

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.