iShares S&P 500 Value ETF (NYSEARCA:IVE) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its holdings in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,214 shares of the company’s stock after selling 743 shares during the period. Principal Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,709,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its holdings in iShares S&P 500 Value ETF by 3.8% in the fourth quarter. Envestnet Asset Management Inc. now owns 13,435,769 shares of the company’s stock valued at $2,564,620,000 after purchasing an additional 493,784 shares during the last quarter. Bank of America Corp DE grew its holdings in iShares S&P 500 Value ETF by 2.5% in the fourth quarter. Bank of America Corp DE now owns 8,148,548 shares of the company’s stock valued at $1,555,395,000 after purchasing an additional 200,707 shares during the last quarter. Stifel Financial Corp grew its holdings in iShares S&P 500 Value ETF by 3.5% in the fourth quarter. Stifel Financial Corp now owns 2,576,656 shares of the company’s stock valued at $491,832,000 after purchasing an additional 88,096 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Ameriprise Financial Inc. now owns 2,455,376 shares of the company’s stock valued at $468,171,000 after purchasing an additional 171,953 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. grew its holdings in iShares S&P 500 Value ETF by 10.5% in the first quarter. Envestnet Portfolio Solutions Inc. now owns 1,689,028 shares of the company’s stock valued at $321,895,000 after purchasing an additional 161,055 shares during the last quarter.

iShares S&P 500 Value ETF Stock Down 0.1%

Shares of NYSEARCA:IVE opened at $197.34 on Friday. iShares S&P 500 Value ETF has a 52-week low of $165.45 and a 52-week high of $206.63. The stock’s fifty day simple moving average is $192.56 and its 200-day simple moving average is $190.35. The company has a market capitalization of $39.54 billion, a P/E ratio of 20.70 and a beta of 0.94.

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.