Kestra Advisory Services LLC Cuts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Kestra Advisory Services LLC decreased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 16.9% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 401,937 shares of the company’s stock after selling 81,987 shares during the period. Kestra Advisory Services LLC’s holdings in iShares S&P 500 Value ETF were worth $76,722,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stifel Financial Corp increased its holdings in iShares S&P 500 Value ETF by 2.5% in the third quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock valued at $490,670,000 after buying an additional 60,868 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in iShares S&P 500 Value ETF by 8.5% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,142,670 shares of the company’s stock valued at $408,993,000 after buying an additional 167,028 shares in the last quarter. Raymond James Financial Inc. purchased a new position in iShares S&P 500 Value ETF in the fourth quarter valued at $311,273,000. Commonwealth Equity Services LLC increased its holdings in iShares S&P 500 Value ETF by 8.0% in the fourth quarter. Commonwealth Equity Services LLC now owns 999,059 shares of the company’s stock valued at $190,700,000 after buying an additional 73,706 shares in the last quarter. Finally, Park Avenue Securities LLC increased its holdings in iShares S&P 500 Value ETF by 5.8% in the fourth quarter. Park Avenue Securities LLC now owns 947,689 shares of the company’s stock valued at $180,895,000 after buying an additional 51,773 shares in the last quarter.

iShares S&P 500 Value ETF Stock Up 1.6 %

Shares of NYSEARCA IVE opened at $188.81 on Friday. The company’s 50-day simple moving average is $194.27 and its 200-day simple moving average is $196.19. iShares S&P 500 Value ETF has a 52-week low of $176.09 and a 52-week high of $206.63. The firm has a market cap of $36.68 billion, a price-to-earnings ratio of 22.06 and a beta of 0.94.

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.