Bank of New York Mellon Corp Buys 67,198 Shares of iShares S&P 500 Value ETF $IVE

Bank of New York Mellon Corp increased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 9.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 786,895 shares of the company’s stock after purchasing an additional 67,198 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares S&P 500 Value ETF were worth $162,502,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Envestnet Asset Management Inc. boosted its holdings in shares of iShares S&P 500 Value ETF by 12.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 20,983,503 shares of the company’s stock valued at $4,100,596,000 after buying an additional 2,339,857 shares in the last quarter. JPMorgan Chase & Co. lifted its position in iShares S&P 500 Value ETF by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 17,895,697 shares of the company’s stock valued at $3,497,177,000 after acquiring an additional 119,534 shares during the last quarter. Ameriprise Financial Inc. boosted its stake in iShares S&P 500 Value ETF by 19.0% in the second quarter. Ameriprise Financial Inc. now owns 3,031,014 shares of the company’s stock valued at $591,818,000 after acquiring an additional 484,782 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in iShares S&P 500 Value ETF by 4.7% in the second quarter. PNC Financial Services Group Inc. now owns 2,362,479 shares of the company’s stock valued at $461,676,000 after acquiring an additional 105,403 shares in the last quarter. Finally, Cetera Investment Advisers grew its holdings in iShares S&P 500 Value ETF by 7.8% in the second quarter. Cetera Investment Advisers now owns 2,112,895 shares of the company’s stock worth $412,902,000 after purchasing an additional 152,851 shares during the last quarter.

iShares S&P 500 Value ETF Trading Up 0.3%

Shares of IVE opened at $217.24 on Friday. The firm has a market cap of $49.14 billion, a PE ratio of 20.70 and a beta of 0.89. iShares S&P 500 Value ETF has a 12 month low of $165.45 and a 12 month high of $218.44. The stock has a fifty day moving average price of $213.92 and a 200-day moving average price of $207.44.

iShares S&P 500 Value ETF Company 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.