Principal Financial Group Inc. Sells 507 Shares of iShares S&P 500 Value ETF (NYSEARCA:IVE)

Principal Financial Group Inc. reduced its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.5% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,835 shares of the company’s stock after selling 507 shares during the quarter. Principal Financial Group Inc.’s holdings in iShares S&P 500 Value ETF were worth $2,728,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Northwest Investment Counselors LLC bought a new position in shares of iShares S&P 500 Value ETF in the 3rd quarter valued at about $31,000. Valued Wealth Advisors LLC acquired a new position in iShares S&P 500 Value ETF in the third quarter valued at approximately $35,000. Copley Financial Group Inc. bought a new position in iShares S&P 500 Value ETF in the third quarter valued at approximately $36,000. Hobbs Group Advisors LLC bought a new position in iShares S&P 500 Value ETF in the third quarter valued at approximately $40,000. Finally, Addison Advisors LLC grew its holdings in iShares S&P 500 Value ETF by 50.0% during the 2nd quarter. Addison Advisors LLC now owns 279 shares of the company’s stock worth $51,000 after acquiring an additional 93 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.8 %

IVE stock opened at $191.45 on Friday. iShares S&P 500 Value ETF has a twelve month low of $170.13 and a twelve month high of $206.63. The company has a market cap of $34.30 billion, a P/E ratio of 23.79 and a beta of 0.81. The business’s fifty day moving average is $198.14 and its 200-day moving average is $193.35.

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.