MCF Advisors LLC Decreases Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

MCF Advisors LLC lowered its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 8.7% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,158 shares of the company’s stock after selling 395 shares during the period. MCF Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $820,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its holdings in shares of iShares S&P 500 Value ETF by 5.1% during the first 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 in the last quarter. Envestnet Asset Management Inc. raised its holdings in iShares S&P 500 Value ETF by 3.5% in the 2nd quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after purchasing an additional 420,007 shares in the last quarter. LPL Financial LLC lifted its position in shares of iShares S&P 500 Value ETF by 4.9% in the 2nd quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock worth $775,111,000 after purchasing an additional 200,427 shares during the period. US Bancorp DE boosted 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 valued at $287,516,000 after purchasing an additional 139,258 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. increased its position in shares of iShares S&P 500 Value ETF by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock valued at $259,313,000 after buying an additional 47,074 shares during the period.

iShares S&P 500 Value ETF Price Performance

IVE stock traded down $1.47 during trading on Friday, reaching $196.32. The company had a trading volume of 966,985 shares, compared to its average volume of 682,731. The business has a 50 day moving average of $195.65 and a 200 day moving average of $187.70. The company has a market cap of $35.17 billion, a P/E ratio of 23.79 and a beta of 0.81. iShares S&P 500 Value ETF has a 52 week low of $147.23 and a 52 week high of $201.08.

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.