Bank of New York Mellon Corp Decreases Holdings in iShares S&P 500 Value ETF $IVE

Bank of New York Mellon Corp trimmed its position in shares of iShares S&P 500 Value ETF (NYSEARCA:IVE) by 3.4% in the 1st quarter, Holdings Channel.com reports. The firm owned 1,138,151 shares of the company’s stock after selling 40,141 shares during the quarter. Bank of New York Mellon Corp’s holdings in iShares S&P 500 Value ETF were worth $240,321,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC grew its stake in 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 buying an additional 112 shares in the last quarter. Great Lakes Advisors LLC grew its holdings in iShares S&P 500 Value ETF by 6,385.7% during the 1st quarter. Great Lakes Advisors LLC now owns 454 shares of the company’s stock valued at $83,000 after buying an additional 447 shares in the last quarter. Schnieders Capital Management LLC. purchased a new position in iShares S&P 500 Value ETF during the 2nd quarter valued at about $550,000. Russell Investments Group Ltd. increased its position in shares of iShares S&P 500 Value ETF by 28.8% during the second quarter. Russell Investments Group Ltd. now owns 2,131 shares of the company’s stock valued at $416,000 after buying an additional 477 shares during the period. Finally, First Trust Advisors LP increased its position in shares of iShares S&P 500 Value ETF by 2.8% during the second quarter. First Trust Advisors LP now owns 26,527 shares of the company’s stock valued at $5,184,000 after buying an additional 731 shares during the period.

iShares S&P 500 Value ETF Price Performance

IVE stock opened at $231.15 on Friday. iShares S&P 500 Value ETF has a one year low of $193.90 and a one year high of $233.58. The stock has a market cap of $48.88 billion, a PE ratio of 20.70 and a beta of 0.82. The firm has a 50 day simple moving average of $227.57 and a two-hundred day simple moving average of $220.70.

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.