CX Institutional Reduces Stock Holdings in iShares S&P 500 Value ETF $IVE

CX Institutional lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.9% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 200,775 shares of the company’s stock after selling 8,131 shares during the quarter. iShares S&P 500 Value ETF makes up 1.3% of CX Institutional’s holdings, making the stock its 15th biggest position. CX Institutional’s holdings in iShares S&P 500 Value ETF were worth $45,588,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. WealthPoint Financial LLC boosted its stake in iShares S&P 500 Value ETF by 2.0% during the first quarter. WealthPoint Financial LLC now owns 23,121 shares of the company’s stock worth $4,882,000 after buying an additional 460 shares during the period. Redwood Investment Management LLC increased its position in iShares S&P 500 Value ETF by 40.2% during the first quarter. Redwood Investment Management LLC now owns 24,940 shares of the company’s stock valued at $5,266,000 after acquiring an additional 7,147 shares during the last quarter. Ballast Advisors LLC raised its stake in shares of iShares S&P 500 Value ETF by 87.0% in the first quarter. Ballast Advisors LLC now owns 834 shares of the company’s stock valued at $176,000 after acquiring an additional 388 shares during the period. Sapient Capital LLC raised its stake in shares of iShares S&P 500 Value ETF by 0.8% in the first quarter. Sapient Capital LLC now owns 31,247 shares of the company’s stock valued at $6,598,000 after acquiring an additional 233 shares during the period. Finally, Steelhead Wealth Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF in the first quarter valued at $1,477,000.

iShares S&P 500 Value ETF Trading Up 0.6%

iShares S&P 500 Value ETF stock opened at $233.09 on Tuesday. iShares S&P 500 Value ETF has a 12-month low of $195.25 and a 12-month high of $234.91. The firm has a 50-day moving average price of $228.93 and a 200-day moving average price of $222.05. The firm has a market capitalization of $49.26 billion, a PE ratio of 20.70 and a beta of 0.82.

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. 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.