First Hawaiian Bank Cuts Holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE)

First Hawaiian Bank cut its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 130,329 shares of the company’s stock after selling 13,560 shares during the period. iShares S&P 500 Value ETF comprises 0.8% of First Hawaiian Bank’s holdings, making the stock its 15th largest holding. First Hawaiian Bank owned approximately 0.07% of iShares S&P 500 Value ETF worth $24,877,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its position 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 worth $2,253,356,000 after acquiring an additional 420,007 shares during the period. LPL Financial LLC raised its holdings in shares of iShares S&P 500 Value ETF by 4.9% in the second quarter. LPL Financial LLC now owns 4,258,617 shares of the company’s stock valued at $775,111,000 after acquiring an additional 200,427 shares in the last quarter. Stifel Financial Corp lifted its stake in iShares S&P 500 Value ETF by 2.5% in the third quarter. Stifel Financial Corp now owns 2,488,560 shares of the company’s stock worth $490,670,000 after acquiring an additional 60,868 shares during the period. PNC Financial Services Group Inc. increased its position in iShares S&P 500 Value ETF by 7.6% during the 3rd quarter. PNC Financial Services Group Inc. now owns 1,975,642 shares of the company’s stock valued at $389,537,000 after purchasing an additional 139,651 shares during the period. Finally, International Assets Investment Management LLC lifted its position in shares of iShares S&P 500 Value ETF by 18,046.1% in the 3rd quarter. International Assets Investment Management LLC now owns 1,333,560 shares of the company’s stock worth $262,938,000 after purchasing an additional 1,326,211 shares during the period.

iShares S&P 500 Value ETF Stock Performance

iShares S&P 500 Value ETF stock traded up $0.14 during mid-day trading on Wednesday, reaching $191.15. 579,681 shares of the company were exchanged, compared to its average volume of 1,145,376. iShares S&P 500 Value ETF has a 12-month low of $170.13 and a 12-month high of $206.63. The business has a fifty day moving average of $197.93 and a 200 day moving average of $193.63. The firm has a market cap of $34.24 billion, a P/E ratio of 23.79 and a beta of 0.81.

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.