Summit Asset Management LLC Cuts Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

Summit Asset Management LLC decreased its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.9% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 4,746 shares of the company’s stock after selling 296 shares during the quarter. Summit Asset Management LLC’s holdings in iShares S&P 500 Value ETF were worth $936,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of IVE. International Assets Investment Management LLC increased its position in iShares S&P 500 Value ETF by 18,046.1% in the third quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after purchasing an additional 1,326,211 shares during the last quarter. Cetera Investment Advisers increased its holdings in shares of iShares S&P 500 Value ETF by 905.6% in the 1st quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock worth $263,498,000 after buying an additional 1,270,256 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of iShares S&P 500 Value ETF by 5.1% during the 1st quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock valued at $3,320,751,000 after buying an additional 861,704 shares in the last quarter. Sanctuary Advisors LLC bought a new position in shares of iShares S&P 500 Value ETF in the 2nd quarter valued at about $82,555,000. Finally, Envestnet Asset Management Inc. grew its position in iShares S&P 500 Value ETF by 3.5% in the second quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock worth $2,253,356,000 after acquiring an additional 420,007 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE stock opened at $201.47 on Thursday. The company has a market cap of $36.09 billion, a PE ratio of 23.79 and a beta of 0.81. The stock’s 50 day simple moving average is $196.75 and its two-hundred day simple moving average is $189.38. iShares S&P 500 Value ETF has a 1 year low of $160.00 and a 1 year high of $203.67.

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.