Envestnet Portfolio Solutions Inc. Has $392.46 Million Holdings in iShares S&P 500 Value ETF $IVE

Envestnet Portfolio Solutions Inc. lessened its stake in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.6% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,728,446 shares of the company’s stock after selling 420,146 shares during the quarter. iShares S&P 500 Value ETF comprises about 1.9% of Envestnet Portfolio Solutions Inc.’s investment portfolio, making the stock its 11th largest holding. Envestnet Portfolio Solutions Inc. owned about 0.82% of iShares S&P 500 Value ETF worth $392,461,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its position in shares of iShares S&P 500 Value ETF by 0.8% in the 4th quarter. Brighton Jones LLC now owns 14,034 shares of the company’s stock valued at $2,679,000 after acquiring an additional 112 shares during the period. Great Lakes Advisors LLC grew its holdings in iShares S&P 500 Value ETF by 6,385.7% during the first quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after purchasing an additional 447 shares during the period. Schnieders Capital Management LLC. acquired a new position in iShares S&P 500 Value ETF during the second quarter valued at approximately $550,000. Russell Investments Group Ltd. increased its stake in iShares S&P 500 Value ETF by 28.8% in the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock valued at $416,000 after purchasing an additional 477 shares in the last quarter. Finally, First Trust Advisors LP increased its stake in iShares S&P 500 Value ETF by 2.8% in the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock valued at $5,184,000 after purchasing an additional 731 shares in the last quarter.

iShares S&P 500 Value ETF Stock Performance

IVE opened at $236.60 on Thursday. The firm’s fifty day moving average is $230.07 and its two-hundred day moving average is $222.99. The firm has a market cap of $50.01 billion, a PE ratio of 20.70 and a beta of 0.82. iShares S&P 500 Value ETF has a twelve month low of $200.52 and a twelve month high of $236.97.

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. 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.