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

Envestnet Portfolio Solutions Inc. cut its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 19.6% in the 2nd quarter, Holdings Channel.com reports. The firm owned 1,728,446 shares of the company’s stock after selling 420,146 shares during the quarter. iShares S&P 500 Value ETF makes up about 1.9% of Envestnet Portfolio Solutions Inc.’s holdings, making the stock its 11th largest holding. Envestnet Portfolio Solutions Inc.’s holdings in iShares S&P 500 Value ETF were worth $392,461,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of the business. Simplex Trading LLC acquired a new position in shares of iShares S&P 500 Value ETF in the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at $25,000. Decker Retirement Planning Inc. bought a new stake in iShares S&P 500 Value ETF in the 4th quarter valued at $26,000. United Services Automobile Association acquired a new position in iShares S&P 500 Value ETF in the 2nd quarter worth $26,000. Finally, RMG Wealth Management LLC acquired a new position in iShares S&P 500 Value ETF in the 1st quarter worth $27,000.

iShares S&P 500 Value ETF Trading Up 0.1%

IVE stock opened at $236.60 on Thursday. The stock has a 50-day moving average price of $230.07 and a two-hundred day moving average price of $222.99. iShares S&P 500 Value ETF has a 1 year low of $200.52 and a 1 year high of $236.97. The stock 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 Company 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.