Waverly Advisors LLC Trims Holdings in iShares S&P 500 Value ETF $IVE

Waverly Advisors LLC lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 2.4% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,438 shares of the company’s stock after selling 5,270 shares during the period. Waverly Advisors LLC owned about 0.10% of iShares S&P 500 Value ETF worth $48,236,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Morgan Stanley raised its stake in shares of iShares S&P 500 Value ETF by 7.5% in the 4th 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. JPMorgan Chase & Co. grew its stake in iShares S&P 500 Value ETF by 4.6% in the fourth 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 in the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in iShares S&P 500 Value ETF by 47.4% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 2,540,243 shares of the company’s stock valued at $538,709,000 after buying an additional 816,767 shares during the last quarter. Focus Partners Wealth increased its holdings in iShares S&P 500 Value ETF by 134.3% in the fourth quarter. Focus Partners Wealth now owns 1,225,078 shares of the company’s stock valued at $259,801,000 after buying an additional 702,252 shares during the last quarter. Finally, MML Investors Services LLC raised its stake in 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 valued at $446,096,000 after buying an additional 689,967 shares in the last quarter.

iShares S&P 500 Value ETF Stock Down 0.6%

Shares of IVE traded down $1.38 during mid-day trading on Tuesday, hitting $235.42. The stock had a trading volume of 524,279 shares, compared to its average volume of 982,748. The company has a market cap of $49.76 billion, a PE ratio of 20.70 and a beta of 0.82. The company’s fifty day simple moving average is $233.94 and its two-hundred day simple moving average is $225.38. iShares S&P 500 Value ETF has a fifty-two week low of $201.22 and a fifty-two week 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.