Comerica Bank Lowers Holdings in iShares S&P 500 Value ETF $IVE

Comerica Bank cut its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 341,229 shares of the company’s stock after selling 19,637 shares during the quarter. Comerica Bank owned about 0.15% of iShares S&P 500 Value ETF worth $72,364,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Ashton Thomas Private Wealth LLC raised its position in shares of iShares S&P 500 Value ETF by 13.6% during the 4th quarter. Ashton Thomas Private Wealth LLC now owns 96,190 shares of the company’s stock valued at $20,399,000 after buying an additional 11,490 shares in the last quarter. RMR Wealth Builders purchased a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at $278,000. Kestra Private Wealth Services LLC raised its position in shares of iShares S&P 500 Value ETF by 22.4% during the 4th quarter. Kestra Private Wealth Services LLC now owns 96,200 shares of the company’s stock valued at $20,401,000 after buying an additional 17,620 shares in the last quarter. Physician Wealth Advisors Inc. raised its position in shares of iShares S&P 500 Value ETF by 44.1% during the 4th quarter. Physician Wealth Advisors Inc. now owns 142,335 shares of the company’s stock valued at $30,185,000 after buying an additional 43,574 shares in the last quarter. Finally, Inscription Capital LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at $203,000.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock opened at $220.63 on Monday. The firm’s fifty day moving average price is $216.03 and its 200-day moving average price is $213.75. The stock has a market cap of $48.67 billion, a P/E ratio of 20.70 and a beta of 0.85. iShares S&P 500 Value ETF has a fifty-two week low of $180.00 and a fifty-two week high of $223.05.

iShares S&P 500 Value ETF Company 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.