JPMorgan Chase & Co. Lowers Stake in iShares S&P 500 Value ETF (NYSEARCA:IVE)

JPMorgan Chase & Co. cut its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 4.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,352,682 shares of the company’s stock after selling 907,290 shares during the quarter. JPMorgan Chase & Co. owned about 14.09% of iShares S&P 500 Value ETF worth $3,015,853,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Morgan Stanley grew its stake in iShares S&P 500 Value ETF by 4.4% during the 4th quarter. Morgan Stanley now owns 10,879,752 shares of the company’s stock worth $1,392,827,000 after buying an additional 453,661 shares during the last quarter. Wells Fargo & Company MN grew its stake in iShares S&P 500 Value ETF by 4.1% during the 4th quarter. Wells Fargo & Company MN now owns 5,948,533 shares of the company’s stock valued at $761,531,000 after purchasing an additional 236,213 shares during the last quarter. UBS Group AG increased its holdings in shares of iShares S&P 500 Value ETF by 5.0% in the first quarter. UBS Group AG now owns 3,030,936 shares of the company’s stock valued at $428,089,000 after purchasing an additional 145,179 shares during the period. LPL Financial LLC increased its holdings in shares of iShares S&P 500 Value ETF by 17.3% in the fourth quarter. LPL Financial LLC now owns 1,461,448 shares of the company’s stock valued at $187,095,000 after purchasing an additional 215,603 shares during the period. Finally, The PNC Financial Services Group Inc. raised its stake in shares of iShares S&P 500 Value ETF by 1.0% in the first quarter. The PNC Financial Services Group Inc. now owns 1,354,573 shares of the company’s stock worth $191,321,000 after purchasing an additional 13,950 shares during the last quarter.

NYSEARCA:IVE traded up $0.01 during midday trading on Friday, hitting $149.55. The company’s stock had a trading volume of 9,378 shares, compared to its average volume of 1,002,007. iShares S&P 500 Value ETF has a fifty-two week low of $104.70 and a fifty-two week high of $152.23. The company’s 50 day simple moving average is $147.34.

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.

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Institutional Ownership by Quarter for iShares S&P 500 Value ETF (NYSEARCA:IVE)

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