Concurrent Investment Advisors LLC Sells 4,326 Shares of iShares S&P 500 Value ETF $IVE

Concurrent Investment Advisors LLC decreased its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 114,705 shares of the company’s stock after selling 4,326 shares during the period. Concurrent Investment Advisors LLC’s holdings in iShares S&P 500 Value ETF were worth $26,045,000 as of its most recent filing with the Securities & Exchange Commission.

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

iShares S&P 500 Value ETF Stock Up 0.7%

NYSEARCA IVE opened at $238.37 on Friday. The firm has a market cap of $50.38 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a 52 week low of $201.22 and a 52 week high of $239.93. The company has a 50 day moving average price of $233.38 and a 200 day moving average price of $225.04.

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.