Stegner Investment Associates Inc. Lowers Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Stegner Investment Associates Inc. decreased its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 0.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 17,114 shares of the company’s stock after selling 99 shares during the period. iShares S&P 500 Value ETF comprises about 2.2% of Stegner Investment Associates Inc.’s portfolio, making the stock its 9th biggest holding. Stegner Investment Associates Inc.’s holdings in iShares S&P 500 Value ETF were worth $3,267,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of IVE. Stifel Financial Corp lifted its position in shares of iShares S&P 500 Value ETF by 2.5% during the 3rd 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 during the last quarter. PNC Financial Services Group Inc. lifted its holdings in iShares S&P 500 Value ETF by 7.6% during the third quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after purchasing an additional 139,651 shares during the last quarter. Huntington National Bank boosted its position in iShares S&P 500 Value ETF by 6.9% during the third quarter. Huntington National Bank now owns 1,045,926 shares of the company’s stock worth $206,225,000 after purchasing an additional 67,448 shares during the period. Park Avenue Securities LLC increased its stake in shares of 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 worth $180,895,000 after purchasing an additional 51,773 shares in the last quarter. Finally, MAI Capital Management raised its position in shares of iShares S&P 500 Value ETF by 1.8% in the third quarter. MAI Capital Management now owns 754,586 shares of the company’s stock valued at $148,782,000 after purchasing an additional 13,079 shares during the period.

iShares S&P 500 Value ETF Trading Down 1.6 %

Shares of IVE stock opened at $192.25 on Wednesday. iShares S&P 500 Value ETF has a 12 month low of $176.09 and a 12 month high of $206.63. The stock has a market capitalization of $35.07 billion, a P/E ratio of 22.47 and a beta of 0.95. The firm’s 50 day moving average is $194.52 and its 200 day moving average is $196.35.

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.