McNaughton Wealth Management LLC Cuts Holdings in iShares S&P 500 Value ETF $IVE

McNaughton Wealth Management LLC trimmed its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 21.7% during the second quarter, HoldingsChannel.com reports. The firm owned 59,792 shares of the company’s stock after selling 16,530 shares during the quarter. iShares S&P 500 Value ETF accounts for approximately 4.8% of McNaughton Wealth Management LLC’s investment portfolio, making the stock its 4th biggest holding. McNaughton Wealth Management LLC’s holdings in iShares S&P 500 Value ETF were worth $13,576,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently modified their holdings of IVE. JPMorgan Chase & Co. raised its position in iShares S&P 500 Value ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock valued at $3,975,941,000 after buying an additional 821,872 shares during the last quarter. Morgan Stanley boosted its position in iShares S&P 500 Value ETF by 7.5% during the 4th quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after acquiring an additional 1,068,945 shares during the last quarter. Bank of America Corp DE boosted its position in iShares S&P 500 Value ETF by 2.0% during the 1st quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock worth $1,997,009,000 after acquiring an additional 182,358 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of iShares S&P 500 Value ETF by 2.0% during the 4th quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after acquiring an additional 120,153 shares in the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of iShares S&P 500 Value ETF by 22.5% during the 4th quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock worth $723,154,000 after acquiring an additional 627,109 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 0.2%

NYSEARCA IVE opened at $235.17 on Thursday. iShares S&P 500 Value ETF has a 12-month low of $195.99 and a 12-month high of $236.39. The company has a market capitalization of $49.70 billion, a PE ratio of 20.70 and a beta of 0.82. The firm’s 50 day moving average is $229.23 and its 200-day moving average is $222.30.

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.