iShares S&P 500 Value ETF $IVE Shares Sold by MLG Wealth Management DBA Pine Grove Financial Group

MLG Wealth Management DBA Pine Grove Financial Group lowered its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 13.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 105,567 shares of the company’s stock after selling 15,979 shares during the quarter. iShares S&P 500 Value ETF accounts for about 2.4% of MLG Wealth Management DBA Pine Grove Financial Group’s portfolio, making the stock its 9th largest position. MLG Wealth Management DBA Pine Grove Financial Group’s holdings in iShares S&P 500 Value ETF were worth $23,984,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. Morgan Stanley increased its stake in shares of iShares S&P 500 Value ETF by 7.5% during the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock worth $3,240,188,000 after buying an additional 1,068,945 shares during the period. JPMorgan Chase & Co. lifted its position in shares of iShares S&P 500 Value ETF by 4.6% during the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after purchasing an additional 821,872 shares during the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in shares of iShares S&P 500 Value ETF by 47.4% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock worth $538,709,000 after purchasing an additional 816,767 shares during the last quarter. Focus Partners Wealth grew its stake in shares of iShares S&P 500 Value ETF by 134.3% during the fourth quarter. Focus Partners Wealth now owns 1,225,078 shares of the company’s stock worth $259,801,000 after purchasing an additional 702,252 shares in the last quarter. Finally, MML Investors Services LLC grew its stake in shares of iShares S&P 500 Value ETF by 48.8% during the fourth quarter. MML Investors Services LLC now owns 2,103,532 shares of the company’s stock worth $446,096,000 after purchasing an additional 689,967 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

iShares S&P 500 Value ETF stock opened at $236.80 on Tuesday. The stock has a market cap of $50.05 billion, a PE ratio of 20.70 and a beta of 0.82. The stock’s fifty day moving average is $233.78 and its two-hundred day moving average is $225.27. iShares S&P 500 Value ETF has a 1-year low of $201.22 and a 1-year high of $239.93.

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.