iShares S&P 500 Value ETF $IVE Stake Lessened by Forte Asset Management LLC

Forte Asset Management LLC lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 56.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,462 shares of the company’s stock after selling 32,044 shares during the period. iShares S&P 500 Value ETF comprises about 2.4% of Forte Asset Management LLC’s investment portfolio, making the stock its 17th largest position. Forte Asset Management LLC’s holdings in iShares S&P 500 Value ETF were worth $4,780,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in IVE. Cloud Capital Management LLC bought a new stake in iShares S&P 500 Value ETF during the first quarter valued at $27,000. Mowery & Schoenfeld Wealth Management LLC bought a new stake in iShares S&P 500 Value ETF during the first quarter valued at $29,000. Harbor Asset Planning Inc. bought a new stake in iShares S&P 500 Value ETF during the second quarter valued at $30,000. Nemes Rush Group LLC increased its stake in iShares S&P 500 Value ETF by 625.0% during the first quarter. Nemes Rush Group LLC now owns 174 shares of the company’s stock valued at $33,000 after purchasing an additional 150 shares during the last quarter. Finally, Flaharty Asset Management LLC bought a new stake in iShares S&P 500 Value ETF during the first quarter valued at $33,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $209.86 on Friday. iShares S&P 500 Value ETF has a 1-year low of $165.45 and a 1-year high of $210.37. The firm has a fifty day moving average price of $204.84 and a two-hundred day moving average price of $195.77. The firm has a market cap of $42.59 billion, a price-to-earnings ratio of 20.70 and a beta of 0.94.

About iShares S&P 500 Value ETF

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.