iShares S&P 500 Value ETF (IVE) Stake Decreased by Financial Advocates Investment Management

Financial Advocates Investment Management reduced its holdings in iShares S&P 500 Value ETF (NYSEARCA:IVE) by 74.9% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,251 shares of the company’s stock after selling 42,597 shares during the period. Financial Advocates Investment Management’s holdings in iShares S&P 500 Value ETF were worth $1,441,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of the business. Bank of New York Mellon Corp increased its stake in shares of iShares S&P 500 Value ETF by 9.1% in the second quarter. Bank of New York Mellon Corp now owns 56,176 shares of the company’s stock worth $6,187,000 after acquiring an additional 4,663 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of iShares S&P 500 Value ETF by 6.8% in the third quarter. JPMorgan Chase & Co. now owns 877,881 shares of the company’s stock valued at $101,694,000 after purchasing an additional 56,104 shares in the last quarter. BlackRock Inc. grew its holdings in shares of iShares S&P 500 Value ETF by 1.9% in the third quarter. BlackRock Inc. now owns 457,310 shares of the company’s stock valued at $52,974,000 after purchasing an additional 8,360 shares in the last quarter. Credit Suisse AG grew its holdings in shares of iShares S&P 500 Value ETF by 109.6% in the third quarter. Credit Suisse AG now owns 181,446 shares of the company’s stock valued at $21,019,000 after purchasing an additional 94,893 shares in the last quarter. Finally, CLS Investments LLC grew its holdings in iShares S&P 500 Value ETF by 21.6% during the 3rd quarter. CLS Investments LLC now owns 24,346 shares of the company’s stock worth $2,820,000 after acquiring an additional 4,319 shares in the last quarter.

Shares of NYSEARCA:IVE traded up $0.09 during trading on Friday, hitting $116.47. 413,886 shares of the company were exchanged, compared to its average volume of 1,123,490. iShares S&P 500 Value ETF has a 12-month low of $94.72 and a 12-month high of $118.81.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Thursday, March 21st were paid a $0.6411 dividend. The ex-dividend date of this dividend was Wednesday, March 20th. This represents a $2.56 dividend on an annualized basis and a yield of 2.20%.

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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.

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Institutional Ownership by Quarter for iShares S&P 500 Value ETF (NYSEARCA:IVE)

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