Northwestern Mutual Wealth Management Co. lessened its stake in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report) by 82.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 50,895 shares of the company’s stock after selling 241,478 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in iShares S&P 500 Value ETF were worth $10,793,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also recently made changes to their positions in IVE. Decker Retirement Planning Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at about $26,000. United Services Automobile Association purchased a new stake in shares of iShares S&P 500 Value ETF during the 2nd quarter valued at about $26,000. Palisade Asset Management LLC purchased a new stake in shares of iShares S&P 500 Value ETF during the 3rd quarter valued at about $29,000. Ransom Advisory Ltd purchased a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at about $31,000. Finally, Birchbrook Inc. purchased a new stake in shares of iShares S&P 500 Value ETF during the 4th quarter valued at about $31,000.
iShares S&P 500 Value ETF Stock Up 0.2%
Shares of NYSEARCA IVE opened at $226.15 on Friday. The firm’s 50-day moving average price is $217.37 and its 200-day moving average price is $215.69. The company has a market cap of $49.93 billion, a PE ratio of 20.70 and a beta of 0.83. iShares S&P 500 Value ETF has a 52-week low of $185.34 and a 52-week high of $226.24.
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.
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Want to see what other hedge funds are holding IVE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for iShares S&P 500 Value ETF (NYSEARCA:IVE – Free Report).
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