First Hawaiian Bank Decreases Position in iShares S&P 500 Value ETF (NYSEARCA:IVE)

First Hawaiian Bank trimmed its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 9.4% during the 4th quarter, Holdings Channel reports. The institutional investor owned 130,329 shares of the company’s stock after selling 13,560 shares during the period. iShares S&P 500 Value ETF comprises 0.8% of First Hawaiian Bank’s holdings, making the stock its 15th largest holding. First Hawaiian Bank’s holdings in iShares S&P 500 Value ETF were worth $24,877,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in IVE. Northwest Investment Counselors LLC acquired a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at about $31,000. Valued Wealth Advisors LLC acquired a new position in iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $35,000. Copley Financial Group Inc. acquired a new position in iShares S&P 500 Value ETF during the 3rd quarter valued at approximately $36,000. Hobbs Group Advisors LLC purchased a new position in shares of iShares S&P 500 Value ETF in the third quarter worth $40,000. Finally, Colony Family Offices LLC grew its holdings in shares of iShares S&P 500 Value ETF by 77.3% during the third quarter. Colony Family Offices LLC now owns 273 shares of the company’s stock valued at $54,000 after buying an additional 119 shares during the last quarter.

iShares S&P 500 Value ETF Stock Performance

Shares of NYSEARCA IVE traded up $0.14 during mid-day trading on Wednesday, hitting $191.15. The stock had a trading volume of 579,681 shares, compared to its average volume of 1,145,376. The firm has a market cap of $34.24 billion, a PE ratio of 23.79 and a beta of 0.81. The company has a 50 day moving average of $197.93 and a two-hundred day moving average of $193.63. iShares S&P 500 Value ETF has a twelve month low of $170.13 and a twelve month high of $206.63.

iShares S&P 500 Value ETF Company 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.