First Heartland Consultants Inc. Sells 4,430 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

First Heartland Consultants Inc. trimmed its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.4% during the 3rd quarter, HoldingsChannel reports. The firm owned 34,313 shares of the company’s stock after selling 4,430 shares during the quarter. First Heartland Consultants Inc.’s holdings in iShares S&P 500 Value ETF were worth $6,766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. JPMorgan Chase & Co. raised its position in iShares S&P 500 Value ETF by 5.1% during the first quarter. JPMorgan Chase & Co. now owns 17,776,089 shares of the company’s stock valued at $3,320,751,000 after purchasing an additional 861,704 shares during the period. Envestnet Asset Management Inc. grew its stake in shares of iShares S&P 500 Value ETF by 3.5% during the second quarter. Envestnet Asset Management Inc. now owns 12,380,397 shares of the company’s stock valued at $2,253,356,000 after buying an additional 420,007 shares during the last quarter. LPL Financial LLC grew its stake in shares of iShares S&P 500 Value ETF by 4.9% during the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after buying an additional 200,427 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in shares of iShares S&P 500 Value ETF by 3.4% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 1,424,716 shares of the company’s stock valued at $259,313,000 after buying an additional 47,074 shares during the last quarter. Finally, Cetera Investment Advisers grew its stake in shares of iShares S&P 500 Value ETF by 905.6% during the first quarter. Cetera Investment Advisers now owns 1,410,516 shares of the company’s stock valued at $263,498,000 after buying an additional 1,270,256 shares during the last quarter.

iShares S&P 500 Value ETF Price Performance

Shares of IVE traded down $0.74 during mid-day trading on Tuesday, reaching $201.85. 70,295 shares of the company’s stock traded hands, compared to its average volume of 671,891. The stock has a market cap of $36.16 billion, a P/E ratio of 23.79 and a beta of 0.81. The stock’s 50-day moving average is $196.62 and its two-hundred day moving average is $189.23. iShares S&P 500 Value ETF has a 12 month low of $157.33 and a 12 month 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.