Cliftonlarsonallen Wealth Advisors LLC Reduces Stock Position in iShares S&P 500 Value ETF $IVE

Cliftonlarsonallen Wealth Advisors LLC cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 452,678 shares of the company’s stock after selling 26,643 shares during the period. iShares S&P 500 Value ETF makes up approximately 1.5% of Cliftonlarsonallen Wealth Advisors LLC’s holdings, making the stock its 17th largest holding. Cliftonlarsonallen Wealth Advisors LLC owned about 0.20% of iShares S&P 500 Value ETF worth $96,000,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of iShares S&P 500 Value ETF by 0.8% during the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock worth $2,679,000 after purchasing an additional 112 shares in the last quarter. Great Lakes Advisors LLC increased its stake in shares of iShares S&P 500 Value ETF by 6,385.7% during the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock worth $83,000 after purchasing an additional 447 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in shares of iShares S&P 500 Value ETF during the 2nd quarter worth approximately $550,000. Russell Investments Group Ltd. increased its stake in shares of iShares S&P 500 Value ETF by 28.8% during the 2nd quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock worth $416,000 after purchasing an additional 477 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in shares of iShares S&P 500 Value ETF by 2.8% during the 2nd quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock worth $5,184,000 after purchasing an additional 731 shares in the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE opened at $216.26 on Thursday. The firm has a 50 day simple moving average of $216.26 and a 200-day simple moving average of $212.65. iShares S&P 500 Value ETF has a 1-year low of $166.34 and a 1-year high of $223.05. The stock has a market cap of $47.72 billion, a price-to-earnings ratio of 20.70 and a beta of 0.87.

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.