Texas Capital Bank Wealth Management Services Inc Reduces Position in iShares S&P 500 Value ETF $IVE

Texas Capital Bank Wealth Management Services Inc trimmed its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 81.4% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 3,581 shares of the company’s stock after selling 15,692 shares during the quarter. Texas Capital Bank Wealth Management Services Inc’s holdings in iShares S&P 500 Value ETF were worth $740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. United Services Automobile Association bought a new stake in iShares S&P 500 Value ETF in the second quarter worth about $26,000. Center for Financial Planning Inc. bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $32,000. Tripletail Wealth Management LLC bought a new position in shares of iShares S&P 500 Value ETF during the third quarter valued at approximately $37,000. Rossmore Private Capital purchased a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth approximately $44,000. Finally, Cloud Capital Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the third quarter worth approximately $45,000.

iShares S&P 500 Value ETF Stock Performance

Shares of IVE stock opened at $211.71 on Friday. The stock has a 50 day moving average price of $218.23 and a 200 day moving average price of $211.64. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $223.05. The firm has a market capitalization of $47.83 billion, a P/E ratio of 20.70 and a beta of 0.89.

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. The Fund generally invests at least 90% of its assets in securities of the Index and in depositary receipts representing securities of the Underlying Index.