Bank of Nova Scotia Sells 20,500 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Bank of Nova Scotia lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE – Get Rating) by 76.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 6,461 shares of the company’s stock after selling 20,500 shares during the quarter. Bank of Nova Scotia’s holdings in iShares S&P 500 Value ETF were worth $937,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new position in iShares S&P 500 Value ETF in the fourth quarter valued at about $28,000. Lansing Street Advisors acquired a new position in shares of iShares S&P 500 Value ETF during the third quarter worth about $26,000. Accurate Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $31,000. Atticus Wealth Management LLC acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $31,000. Finally, Rain Capital Management LLC acquired a new position in shares of iShares S&P 500 Value ETF during the fourth quarter worth about $32,000.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $151.54 on Wednesday. The stock has a market capitalization of $24.41 billion, a P/E ratio of 15.85 and a beta of 0.94. The business has a 50-day moving average of $150.76 and a 200-day moving average of $150.19. iShares S&P 500 Value ETF has a fifty-two week low of $127.33 and a fifty-two week high of $160.30.

iShares S&P 500 Value ETF Profile

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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.