JPMorgan Chase & Co. Cuts Stock Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

JPMorgan Chase & Co. reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 17,023,645 shares of the company’s stock after selling 634,270 shares during the period. JPMorgan Chase & Co. owned approximately 0.10% of iShares S&P 500 Value ETF worth $3,356,552,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in IVE. Northwest Investment Counselors LLC purchased a new position in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at about $31,000. Valued Wealth Advisors LLC bought a new position in iShares S&P 500 Value ETF during the third quarter valued at approximately $35,000. Copley Financial Group Inc. purchased a new position in shares of iShares S&P 500 Value ETF during the third quarter worth approximately $36,000. Hobbs Group Advisors LLC bought a new stake in shares of iShares S&P 500 Value ETF in the 3rd quarter worth approximately $40,000. Finally, Addison Advisors LLC boosted its stake in shares of iShares S&P 500 Value ETF by 50.0% in the 2nd quarter. Addison Advisors LLC now owns 279 shares of the company’s stock valued at $51,000 after purchasing an additional 93 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

NYSEARCA:IVE traded up $0.23 during trading hours on Thursday, reaching $193.99. The company’s stock had a trading volume of 377,187 shares, compared to its average volume of 659,393. The firm has a 50-day simple moving average of $199.16 and a 200-day simple moving average of $192.95. iShares S&P 500 Value ETF has a 1 year low of $170.13 and a 1 year high of $206.63. The firm has a market capitalization of $34.75 billion, a price-to-earnings ratio of 23.79 and a beta of 0.81.

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.