Financial Enhancement Group LLC Reduces Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Financial Enhancement Group LLC reduced its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 23.6% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 39,813 shares of the company’s stock after selling 12,304 shares during the period. iShares S&P 500 Value ETF accounts for about 1.4% of Financial Enhancement Group LLC’s holdings, making the stock its 23rd biggest holding. Financial Enhancement Group LLC’s holdings in iShares S&P 500 Value ETF were worth $7,850,000 at the end of the most recent reporting period.

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

iShares S&P 500 Value ETF Trading Up 2.5 %

iShares S&P 500 Value ETF stock opened at $201.19 on Thursday. The stock has a 50 day moving average of $196.26 and a two-hundred day moving average of $188.73. iShares S&P 500 Value ETF has a twelve month low of $155.79 and a twelve month high of $201.49. The stock has a market capitalization of $36.04 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.