CIBC Private Wealth Group LLC Cuts Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

CIBC Private Wealth Group LLC cut its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.9% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 23,948 shares of the company’s stock after selling 1,492 shares during the quarter. CIBC Private Wealth Group LLC’s holdings in iShares S&P 500 Value ETF were worth $4,578,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Raymond James Financial Inc. acquired a new stake in shares of iShares S&P 500 Value ETF in the fourth quarter valued at $311,273,000. USA Financial Formulas acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $77,191,000. Davis Selected Advisers increased its stake in shares of iShares S&P 500 Value ETF by 1,452.8% during the fourth quarter. Davis Selected Advisers now owns 197,175 shares of the company’s stock worth $37,637,000 after buying an additional 184,477 shares during the period. PNC Financial Services Group Inc. raised 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 acquiring an additional 167,028 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its stake in iShares S&P 500 Value ETF by 28.7% in the third quarter. Kovitz Investment Group Partners LLC now owns 613,456 shares of the company’s stock worth $120,955,000 after acquiring an additional 136,769 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 0.1 %

NYSEARCA IVE opened at $190.33 on Wednesday. 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 50 day moving average of $193.98 and a two-hundred day moving average of $195.95. The stock has a market capitalization of $37.06 billion, a PE ratio of 21.80 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.