iShares S&P 500 Value ETF $IVE Shares Sold by Physician Wealth Advisors Inc.

Physician Wealth Advisors Inc. trimmed its position in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 11.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 119,410 shares of the company’s stock after selling 15,774 shares during the period. iShares S&P 500 Value ETF makes up approximately 3.2% of Physician Wealth Advisors Inc.’s portfolio, making the stock its 7th largest holding. Physician Wealth Advisors Inc.’s holdings in iShares S&P 500 Value ETF were worth $27,113,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of iShares S&P 500 Value ETF by 4.6% in the 4th quarter. JPMorgan Chase & Co. now owns 18,748,246 shares of the company’s stock worth $3,975,941,000 after acquiring an additional 821,872 shares during the period. Morgan Stanley boosted its holdings in shares of iShares S&P 500 Value ETF by 7.5% in the fourth quarter. Morgan Stanley now owns 15,278,856 shares of the company’s stock valued at $3,240,188,000 after acquiring an additional 1,068,945 shares in the last quarter. Bank of America Corp DE increased its stake in shares of iShares S&P 500 Value ETF by 2.0% during the first quarter. Bank of America Corp DE now owns 9,457,775 shares of the company’s stock worth $1,997,009,000 after acquiring an additional 182,358 shares during the period. Wells Fargo & Company MN increased its stake in shares of iShares S&P 500 Value ETF by 2.0% during the fourth quarter. Wells Fargo & Company MN now owns 6,264,139 shares of the company’s stock worth $1,328,436,000 after acquiring an additional 120,153 shares during the period. Finally, Cetera Investment Advisers increased its stake in shares of iShares S&P 500 Value ETF by 22.5% during the fourth quarter. Cetera Investment Advisers now owns 3,409,979 shares of the company’s stock worth $723,154,000 after acquiring an additional 627,109 shares during the period.

iShares S&P 500 Value ETF Stock Up 0.1%

NYSEARCA IVE opened at $236.60 on Thursday. iShares S&P 500 Value ETF has a 52-week low of $200.52 and a 52-week high of $236.97. The firm has a 50-day moving average price of $230.07 and a 200 day moving average price of $222.99. The stock has a market capitalization of $50.01 billion, a P/E ratio of 20.70 and a beta of 0.82.

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. 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.